Income Tax Articles

CBDT amends valuation rules for calculation of rent-free accommodation provided by employer

Guest 22 August 2023 at 12:48

The Finance Act, 2023 brought in an amendment in the perquisite valuation rules with regard to the value of rent-free or concessional accommodation provided by an employer to an employee, for the purpose of introducing uniformity / consistency.

A Comprehensive Guide to Taxation and Documentation for Employee Stock Options Abroad in India

Rashmi 22 August 2023 at 09:00

Guide to Taxation and Documentation for Employee Stock Options Abroad in India

What are the 10 points to remember for Agriculture Income?

CA Umesh Sharma 21 August 2023 at 13:50

Lately we have seen serious hike in the prices of tomatoes and other farm produces. What about the Income tax on sale of tomatoes? What exactly is included in the agricultural activities?

Aadhaar Card: Enrol, Download, Status

Niyati 21 August 2023 at 13:17

The Aadhaar Card is a unique identification card issued by the Indian government. It contains a 12-digit unique identification number called Aadhaar number, which is linked to an individual's biometric and demographic data. It's used as a proof of identity and address for various government and private services in India.

Income Tax Login: Guide

CA Ruby Bansal 21 August 2023 at 13:12

Income Tax Login is a service that allows registered users to access the e-Filing portal, enabling them to utilize various services provided within the portal related to income tax matters. It's a secure way for individuals to log in and manage their tax-related activities online.

Assessments of EPC contractors cannot be done merely by assuming and comparing accounts with Form 26AS

Vivek Jalan 19 August 2023 at 08:41

Assessments of EPC contractors cannot be done merely by assuming and comparing accounts with Form 26AS same is applicable even for professionals

Connecting the Dots: Making the Most of AIS Changes in Tax Reporting

Rashmi 18 August 2023 at 14:38

The Annual Information Statement (AIS) is a document that displays the record of taxes deposited by an individual throughout a financial year.

Exploring Six Primary Types of Income Tax Notices for Salaried Individuals

Rashmi 17 August 2023 at 14:10

If you make a mistake on your filed Income Tax Return (ITR), the tax department can send you a notice. Basically, there are six main types of income tax notices that salaried individuals might receive

1,000+ Income Tax Notices issued on Moonlighting Income for financial years 2019-2020 and 2020-2021!!

Abhishek Raja 17 August 2023 at 10:21

The Income Tax Department has recently taken action to address the issue of individuals failing to disclose their additional income from moonlighting activities in their Income Tax Returns (ITRs).

Unlocking Tax Compliance: Demystifying Updated Income Tax Returns

Rashmi 17 August 2023 at 09:12

Certainly! In an effort to encourage people to comply with tax regulations, the government introduced the concept of an "updated income tax return" as part of the 2022 Budget.