Income Tax Articles

November 2021 Tax Deadlines: Income Tax & GST Compliance

Posted by Neethi V. Kannanth 06 May 2022 6946 Views

Stay on top of your November 2021 tax obligations! Discover key Income Tax and GST due dates for compliances, filings, and payments.

Section 194P: Tax Deduction for Senior Citizens

Posted by CA.R.S.KALRA 06 May 2022 2140 Views

Discover Section 194P, allowing specified banks to deduct tax for senior citizens aged 75+, exempting them from filing income tax returns. Learn the conditions....

Section 271B Penalty: Failure to Get Accounts Audited

Posted by CA.R.S.KALRA 06 May 2022 9334 Views

Understand the penalty for not getting accounts audited under Section 271B. Discover reasonable causes that may prevent penalties. Learn more now!

New AIS & TIS: Your Annual Financial Info Explained

Posted by CA RAJAT RAWLANI 02 November 2021 16679 Views

Understand the new Annual Information Statement (AIS) & Taxpayer Information Summary (TIS). Access your detailed financial transactions for easier tax filing.

Capital Gains on Property: IT Act 1961 Valuation

Posted by Mohammed Ibrahim 01 May 2022 12265 Views

Understand capital gains tax on immovable property under the IT Act 1961. Learn about long-term vs. short-term gains, valuation, and exemptions.

Set Off & Carry Forward Business Losses in India

Posted by Taxblock 01 May 2022 5216 Views

Understand how to set off and carry forward business losses in India. Learn the rules for different income heads and maximise your tax benefits.

Income Tax Notices, Appeals & Revisions Explained

Posted by Taxblock 01 May 2022 2048 Views

Understand Income Tax notices, appeals, revisions, and search & seizure procedures. Learn your rights and how to respond effectively to tax authorities.