Income Tax Articles

File Income Tax Return Even if PAN is Inoperative - A Guide

Rashmi 31 July 2023 at 12:55

According to the Income Tax Department, if you forgot to link your PAN with Aadhaar by June 30, 2023, you can still file your income tax return. The last date to file ITR for individuals not requiring audit for FY 2022-23 (AY 2023-24) is July 31, 2023.

Tax Benefits for Education: Exploring Credits and Deductions in India

Shivani 31 July 2023 at 12:49

IntroductionEducation unlocks potential and advances society in a changing world. The Indian government encourages investments in education, skill development, ..

Form 15CA & 15CB

Nikita Agarwal 31 July 2023 at 08:53

The introduction of Form 15CA and Form 15CB in the Income Tax Act of India was primarily aimed at strengthening tax compliance and enhancing transparency in foreign remittances.

Income Tax Act 1961: Chapters

Mitali 29 July 2023 at 13:01

The Income Tax Act, 1961 is an Indian legislation that governs the taxation of income in the country

Special Provision applicable to Non-Resident Indian

Geetanjali Pandey 29 July 2023 at 12:59

This article provides insight and knowledge about the Special provisions of the Income Tax which are applicable to Non-resident income with respect to certain income as prescribed in Chapter XII-A of the Income Tax Act.

General View on New Tax Regime

Nikita Agarwal 29 July 2023 at 09:10

"New Tax Regime" or "Optional Tax Regime," was introduced as part of the Union Budget 2020-21. This regime aims to simplify the income tax structure and provide taxpayers with an alternative tax computation method.

Income tax loss Set-Off and Carry Forward provisions

Amul Jain 29 July 2023 at 09:10

In the ancient land of India, renowned warrior Arjuna found himself perplexed by the complexities of income tax laws.

Filing Income Tax Returns: Understanding Deadlines and Penalties in India

Rashmi 28 July 2023 at 14:13

In this article, we will discuss the changes in penalties for missing the ITR filing deadline and understand the implications for taxpayers based on their income levels.

Decoding Taxation on Virtual Digital Assets

Poojitha Raam Vinay 28 July 2023 at 09:43

Virtual Digital Assets (VDAs) refers to any information, code, number, or token in Foreign Currency generated through cryptographic means or otherwise and can b..

General Guidance on Professional Tax

Nikita Agarwal 28 July 2023 at 09:06

Professional Tax is a state-level tax imposed by various state governments in India. It is levied on income earned by individuals from professions, trades, callings, or employment.