19 Feb, 2023

Are You a Salaried Employee with Foreign I...

As a salaried individual who has foreign income, receiving an income tax notice can be a daunting experience. However, ...

18 Feb, 2023

Benefits of Section 54F Cannot Be Denied E...

In a recent judgment, the Delhi Income Tax Appellate Tribunal (ITAT) dismissed the appeal filed by the Revenue and uphe...

18 Feb, 2023

Passing an Order Under Section 148A(d) Lea...

The Assessee in this case was involved in trading cryptocurrency and had made investments worth Rs. 4,65,72,546 towards...

18 Feb, 2023

Expenses Incurred By Partner is Deductible...

In a recent tax dispute, the issue of deductibility of car expenses by a partner was brought to light. The assessee in ...

18 Feb, 2023

Presumptive Taxation Scheme Not To Apply W...

The Income Tax Appellate Tribunal (ITAT) Chennai recently delivered a judgement in the case of DCIT, Trichy. v. Sriniva...

17 Feb, 2023

Interest on Fixed Deposit Does Not Fall Un...

The taxation rules for interest earned on fixed deposits held with a bank have been clarified by the recent Krishna Kum...

17 Feb, 2023

Interest Under Section 234A and 234B Shoul...

This is a legal case where the appellant, an individual, had failed to file his income tax return for the assessment ye...

16 Feb, 2023

Mistakes in Filing Income Tax Returns by D...

Are you a taxpayer who mistakenly declared a much higher income on your income tax return? Did the assessing officer pr...

Are You a Salaried Employee and Received Income Tax Notice? Don’t Worry! We Will Guide You To Handle Income Tax Notice

15 Feb, 2023

Are You a Salaried Employee and Received I...

Receiving an income tax notice can be a source of stress and confusion for salaried employees. However, it is important...

Reopening Income Tax Case By Issuing Notice Under Section 148A: Processing of ITR under section 143(1) does not amount to framing an opinion

15 Feb, 2023

Reopening Income Tax Case By Issuing Notic...

In the realm of tax law, the processing of an Income tax return under section 143(1) does not equate to an assessment o...

Income Tax Scrutiny Notice 148A: Sets aside reassessment proceedings as no Information and material that formed the basis for issuing the impugned notice was supplied

15 Feb, 2023

Income Tax Scrutiny Notice 148A: Sets asid...

The Delhi High Court has issued a ruling regarding a writ petition filed by the Assessee against the Revenue's reassess...

Unreported Transactions: How They Can Lead to a Notice under Section 147 read with Section 148

15 Feb, 2023

Unreported Transactions: How They Can Lead...

In a recent case, the petitioner challenged an order passed by the Assessing Officer under section 148A(d) of the Incom...

Tips to Avoid Income Tax Scrutiny Notice: A Simple Guide for Taxpayers

15 Feb, 2023

Tips to Avoid Income Tax Scrutiny Notice: ...

Avoiding an income tax scrutiny notice is not the right approach to taxation. Instead, it is essential to comply with t...

Benefits of Filing GST Returns

15 Feb, 2023

Benefits of Filing GST Returns

Filing GST (Goods and Services Tax) returns is a necessary requirement for all registered businesses in India. GST retu...

File Your Income Tax Return Now and Take Benefits of Income Tax Return

15 Feb, 2023

File Your Income Tax Return Now and Take B...

Filing income tax returns is an essential financial responsibility of every individual or entity that earns income. It ...

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