Income Tax Articles

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

Posted by CA.Mohit Gupta 10 December 2021 4774 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 13912 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 3977 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.

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

Posted by Taxblock 07 December 2021 5327 Views

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

Start an E-commerce Business: Guide & Compliance

Posted by Taxblock 07 December 2021 3384 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 7018 Views

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

Understanding Form 26AS: Your Tax Credit Statement

Posted by Taxblock 07 December 2021 2062 Views

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

Forex Transactions: Types & Risks Explained

Posted by Manish Gupta 06 December 2021 2600 Views

Understand Forex transactions, including spot, forward, and future deals. Learn about foreign exchange risks and how to manage them effectively.

Reopening Assessments: Can a Change of Opinion Justify It?

Posted by FCS Deepak Pratap Singh 05 December 2021 7967 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.