Income Tax Articles

Relief to Small and Medium Taxpayers in State Budget

CA Umesh Sharma 23 March 2023 at 08:50

Maharashtra State Budget was presented by Deputy Chief Minister (Finance)Shri Devendra Fadnavis on 9th March 2023. It was based on 'panchamrit' (five) principles with a focus on Farmers, Women, Youth, Employment, and Environment.

High-value transactions in India: Tips for compliant tax filing

Rashmi 22 March 2023 at 06:49

The Income Tax Department in India monitors high-value cash transactions above a specific limit, and failing to disclose such transactions while filing Income Tax Returns (ITR) can lead to notices from the authorities.

Important things from Income Tax aspect to consider this March ending!

CA Umesh Sharma 22 March 2023 at 06:49

Important tasks of income tax that should be undertaken before this March end has been listed in this article.

Tally ERP Accounting Software or QuickBooks: What to Choose?

vishal dharmadhikari 20 March 2023 at 14:02

Tally ERP is a well-known accounting application that is used all over the world and is ultimately used as enterprise software by firms of all sizes. However, it is utilized as a perfect business management solution. QuickBooks will continue to operate in India till 30th April 2023.

Why do you get Income Tax Notice: Reasons and Remedies

Rashmi 20 March 2023 at 13:27

In this article, we will discuss the common reasons why you may receive an Income Tax notice in India and the remedies to avoid or address them.

Brief On: AIS App for Taxpayers

CS Lalit Rajput 20 March 2023 at 09:52

The IT Department has recently launched an AIS Application (to view Annual Information Statements)for taxpayers aiming to provide each transaction information taxpayers and accept their feedback.