Income Tax Articles

Can AO Reject Valuation Report? DCF Method Rules

Posted by FCS Deepak Pratap Singh 18 December 2021 5387 Views

Discover if an Assessing Officer (AO) can reject your valuation report. Learn about the DCF method and your rights during assessment proceedings.

Actual Payment Section 43B: Income Tax Act 1961 Explained

Posted by CA, CPA (USA) Shikhar Garg 15 December 2021 13589 Views

Understand the 'actual payment' meaning under Section 43B of the Income Tax Act 1961. Learn which deductions require actual payment and when constructive payment applies.

Income Tax Search & Seizure: Can Third Parties Be Involved?

Posted by CA.Mohit Gupta 10 December 2021 4797 Views

Explore the legality of involving unconnected third parties in income tax search and seizure actions. Understand your rights and the limits of tax authority powers.

Section 151: Safeguard for Income Tax Notice Approval

Posted by CA, CPA (USA) Shikhar Garg 10 December 2021 13944 Views

Understand Section 151 of the Income Tax Act 1961. Learn about the crucial safeguard requiring higher authority approval before issuing reassessment notices.

Income Tax Appeals: Monetary Limits & Consequences

Posted by FCS Deepak Pratap Singh 09 December 2021 3995 Views

Understand the consequences of not filing income tax appeals when the tax effect is below prescribed monetary limits. Learn about CBDT instructions and judicial interpretations.

Start an E-commerce Business: Guide & Compliance

Posted by Taxblock 07 December 2021 3397 Views

Learn how to launch your e-commerce venture in India. Discover website vs. marketplace options and essential financial & tax compliances like GST.

Save Money Without Investment: Tax Deductions Explained

Posted by Taxblock 07 December 2021 7038 Views

Discover how to reduce your tax burden with deductions for child education, home loan interest, HRA, and senior citizen medical expenses. Learn more!

Fantasy Game Winnings Tax in India: What You Need to Know

Posted by Taxblock 07 December 2021 5345 Views

Understand how fantasy game winnings are taxed in India. Learn about tax rates, deductions, and TDS implications under the Income Tax Act, 1961.

Understanding Form 26AS: Your Tax Credit Statement

Posted by Taxblock 07 December 2021 2078 Views

Discover what Form 26AS is, its structure, and how to download it. Essential for accurate income tax filing in the UK.

Reopening Assessments: Can a Change of Opinion Justify It?

Posted by FCS Deepak Pratap Singh 05 December 2021 7979 Views

Discover if an Assessing Officer can reopen tax assessments solely based on a change of opinion. Learn about legal precedents and conditions for reassessment.