Income Tax Articles
Understanding the Option Pricing Method (OPM)
The option pricing method (OPM) is a widely used approach for allocating equity value to various securities within the intricate capital structures of privately held companies.
Income Tax Appellate Tribunal (ITAT): Laws, Regulations, Procedures and Updates under the New Regime
Let us have a look at the relevant provisions of the Income Tax Act, 1961, and other connected material laws in this regard, so as to understand the complete process of getting benefits and reliefs from this important forum available to a taxpayer who is going through tax disputes with the income tax department.
Challenges Faced During Secretarial Audits
This article explores common troubles corporations face during a secretarial audit and offers insights to mitigate these demanding situations.
Unlock Tax Savings: A NRI's Guide to Lower or NIL TDS Certificates for Property Sales
The article offers a step-by-step guide to help NRIs avoid unnecessary financial strain and ensure a smooth transaction process.
Smart Festive Investment Tips on This Dhanteras
"Dhanteras" is celebrated just two days before Diwali which is considered an auspicious day for purchasing jewelry, property, and other valuables items that symbolize good fortune and prosperity.
All about Direct Tax Vivad Se Vishwas Scheme (DTVSV), 2024
The Direct Tax Vivad se Vishwas Scheme, 2024 was introduced with the objective of providing a mechanism of settlement of disputed issues, thereby reducing litigation without much cost to the taxpayer.
Key Differences Between Direct and Indirect Taxes: Understanding Their Impact on Businesses
This article explores the main differences between direct tax and indirect tax and highlights their impact on corporations.
CBDT Grants Extra Time for Taxpayers Requiring Audit
Due date to file ITR, those requiring an audit is October 31, 2024. Within this due date taxpayers such as company (whether tax audit applicable or not applicable), other than a company and partner of the firm are required to file the return.
Time Limits for Income Tax Notices and Assessments: Quick Guide
Explore the key time limits for income tax notices and assessments in this quick guide. Stay informed about deadlines for filing, assessments, and resolving tax matters
Penalties for Not Filing Tax Audit Report
In India, the Income Tax Act mandates that certain individuals and entities must undergo a tax audit and file a Tax Audit Report (TAR) by a specified due date. Failing to comply with this requirement can lead to various penalties and consequences. Let's explore the penalties for not filing a Tax Audit Report in India:
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