Income Tax

  • Income Tax

Income Tax Surcharge Rate & Marginal Relief

Are you in one of the higher income tax brackets, such as the 30 percent top rate? – If you…

2 years ago
  • Uncategorized

Types of Assessment Under Income Tax Act

To provide the complete details of income for the relevant financial year, all assessee must file income tax returns with…

2 years ago
  • Income Tax

Section 16- Standard Deduction, Entertainment Allowance and Professional Tax

Section 16 of Income Tax Act, 1961 Section 16 of the Income Tax Act of 1961 allows for a deduction…

2 years ago
  • Income Tax

Vivad se Vishwas – Filing of DTVSV Form

The Direct Tax Vivad se Vishwas (DTVSV) Scheme was announced during the Union Budget of 2020 to allow for dispute…

2 years ago
  • Income Tax

Filing Form 10E is Mandatory to Claim Relief under Section 89(1)

Form 10E is a form that must be filed by taxpayers to claim relief under section 89(1) of the Income…

2 years ago
  • Income Tax

Tax Planning Under Minimum Alternate Tax (MAT)

MAT stands for Minimum Alternate Tax, and it was created to close (if not completely close) the gap between tax…

2 years ago
  • Income Tax

What to do if the income tax refund is delayed?

It is firmly prompted that you document your annual assessment forms quickly. This is on the grounds that the sooner…

2 years ago
  • Income Tax

Charitable Trusts and NGO – Income Tax Benefits

Did you know that doing good deeds and being kind can help you save money on taxes? The Indian Income…

2 years ago
  • General

Section 44ADA – Presumptive Tax Scheme for Professionals

India has a wide variety of businesses, and India's economy is strong. India is the world's fastest-growing major economy with…

2 years ago
  • Income Tax

Section 112A of Income Tax Act, 1961

INTRODUCTION Through the Finance Bill 2018, the govt has presented Section 112A under the tax Act, 1961. The new section…

2 years ago