The development works in the country are going on all over the country including widening of the existing as well as construction of new roads. For this purpose..
This article covers the deductions available in Old Vs. New tax regime, in brief, should help in making the required choice. This is applicable from 01.04.2023 i.e. for FY 2023-2024 or say AY 2024-2025.
Hon'ble Supreme Court in its order today i.e. 4th May, 2022 in the matter of UOI vs. Ashish Agarwal, reversed the decisions of the several High Courts and restored the notices issued under new provisions of income tax in reassessment matters which were applicable w.e.f. 01.04.2021.
In recent times, cases of additions of income by respective Income Tax Officers/Assessing Officers have increased substantially.
In light of extension of last date for filing Tax Audit Report and Income Tax Return till October 31, 2019, it becomes pertinent to have a brief look on law and provisions related to Tax Audit under Income Tax compliance.
EXTENSION OF DUE DATE The Government of India, through its Order dated July 23rd, 2019, has extended the due date for filing Income Tax Returns (ITRs) for Asses..
Following the tradition for last 8 years, here are my ten major points from budget for 2019-2020, presented today. No income tax for income up to Rs. 5 la..
EXISTING LAWThere is an existing provision for deduction of TDS (deduction of tax at source) under section 194-I in the Income Tax Act, 1961 for individuals/HUF..
Income Tax Return filing season for certain class of assessees including individuals not falling under tax audit provisions has just been over and by now the In..
One of the biggest worries of income taxpayers is getting a notice from the Income Tax Department. The Department issues notices under various provisions of the..
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