Income Tax Articles

Undisclosed Income & Penalties: No Immunity for 'Buying Peace'

Posted by CA.Mohit Gupta 30 January 2022 2336 Views

Discover why declaring undisclosed income to 'buy peace' doesn't grant immunity from penalties under the Income Tax Act. Learn about your obligations.

Benami Property: Is Registration in One Family Member's Name Valid?

Posted by FCS Deepak Pratap Singh 26 January 2022 3141 Views

Discover if registering leasehold property in one family member's name constitutes a Benami transaction. Learn about fiduciary capacity and property law.

Section 80EEA: Extra Housing Loan Interest Deduction

Posted by CA Piyush Agarwal 25 January 2022 19048 Views

Discover Section 80EEA for additional housing loan interest deductions up to Rs 1.5 Lakhs. Learn eligibility and how it complements Section 24b.

E-Filing 2.0: Audit Reports & Process Flow Guide

Posted by Suhasini

25 January 2022 6044 Views

Understand the E-Filing 2.0 process for audit reports. Learn step-by-step flows for various forms and submission methods. Get started now!

Filing Return: Admission of Valid Notice?

Posted by FCS Deepak Pratap Singh 25 January 2022 1516 Views

Discover if filing an income tax return constitutes an admission that a notice is valid. Learn about non-resident exemptions and reassessment notices.

Investing Abroad: Indian Residents & Black Money Act

Posted by FCS Deepak Pratap Singh 20 January 2022 4532 Views

Understand rules for Indian residents investing in property outside India. Learn about FEMA regulations and the Black Money Act, 2015.

Voluntary Income Surrender & Penalties: What You Need to Know

Posted by FCS Deepak Pratap Singh 19 January 2022 3633 Views

Discover if surrendering income voluntarily protects you from penalties. Learn about the Supreme Court's ruling and your tax obligations.

Section 80U: Tax Exemption for Disabled Persons in India

Posted by Pranab Banerjee

18 January 2022 9451 Views

Claim tax benefits under Section 80U for disability. Learn eligibility, exemption amounts (Rs. 75,000 to Rs. 1,25,000), and required medical certificates.

Section 54F IT Act: Exemption Facts & Case Law

Posted by FCS Deepak Pratap Singh 17 January 2022 7652 Views

Understand Section 54F of the IT Act, 1961. Learn about capital gains exemption for residential property with this case law analysis. Get the facts!

Missed ITR Deadline? File Your Belated ITR Now!

Posted by CS Lalit Rajput 15 January 2022 11738 Views

Haven't filed your Income Tax Return (ITR) by the deadline? Discover how to file a Belated ITR, penalties, and crucial deadlines to avoid further issues.