Income Tax Articles

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.

Top 10 reasons why you should link your PAN card with Aadhaar

How to prepare yourself for changes in tax laws and serve your clients better as a CA

CA Rakesh Ishi 18 March 2023 at 07:02

As a chartered accountant, staying up-to-date with changes in tax laws is crucial to providing the best possible service to your clients.

Section 80GGB & 80GGC: Deduction in respect of contribution to political parties

CA Alexandar Gazi 18 March 2023 at 06:56

Deduction in respect of Contributions given by Indian Companies

Link PAN with Aadhaar by 31st March: SEBI direction to Investors

Affluence Advisory 18 March 2023 at 06:56

SEBI has directed all investors to link PAN with Aadhaar numbers by 31st March 2023 for seamless transactions in the securities market.

Higher TCS on Foreign Remittances: What Parents Need to Know While Sending Money for Education Expenses

Rashmi 18 March 2023 at 06:56

The Union Budget 2023 proposed to increase the tax collection at source (TCS) for foreign remittances under the liberalised remittance scheme (LRS) from 5% to 20%.