Cash Transactions That Can Attract Income Tax Notice

In India, black money and corruption have been the major issues for so many decades,

Can a taxpayer claim both HRA and Home loan tax benefits?

In India, every person is legally required to pay income tax on the income earned

HRA- House Rent Allowance – Exemption and other Key Points to Remember

In India, every person is liable to pay income tax on his income subject to

Exemptions under Goods & Services Tax Act

Goods & Services Tax was introduced to replace several other indirect taxes which were applicable

Difference between Tax Planning, Tax Avoidance, Tax Evasion

Every taxpayer always look for difference between tax evasion and tax avoidance as these both

Income From Other Sources

Income Tax law has mandated every person to pay tax on their income and to

Reasons Why Start ups Fail in India?

Introduction Start-up India is a flagship initiative launched by government in August, 2015. The main objective

TAXABILITY OF GIFTS IN INDIA

In India, Gift is considered as one of the most common methods of exchange of

Income under the head Business & Profession

Topics covered – What is Business? What is Profession? Basis of Charge Method of Accounting

Income Under the Head Salary

Heads of Income Section 14 of the Income Tax Act, 1961, has prescribed following 5

How to Calculate Taxability of Stock Market Transactions?

When we talk about stock market transactions, the first question that comes to mind is

Exempted Income under Income tax Act

  It is generally believed that the person who earns more has to pay more

Whether to file NIL ITR or not?

Topics covered – What is NIL Income Tax Return? Is it mandatory to file NIL

Tax Measures Required In INDIA To Counter Covid Impact: Financial Year 2020-2021

The COVID 19 pandemic has affected the lives of every person across the globe and

Who is Required to File Income Tax Return For A.Y 2021-22 ?

Income Tax Act, 1961, has mandated every person whose gross total income is more than

Reverse Charge Mechanism under GST

Generally, the GST is paid by the Supplier of Goods/Services. However, in certain cases like