Individuals can claim certain payments as an expense under the rules of the Income Tax Act of 1961 when their…
There are two ways to file income tax returns (ITR): online and offline. In the first approach, you can fill…
Equalisation Levy was introduced in India in 2016, with the intention of taxing the digital transactions i.e. the income accruing…
The Indian Income-tax Act, 1961 (hereinafter referred to as the "Act") provides for deduction in respect of certain expenses incurred…
Black money is a major threat to the Indian economy. Section 269St was inserted in Income Tax Act,1961 to curb…
In sequence to acceptably fund its numerous activities, consequences, and responsibilities, the government of a country imposes income tax on…
Assessing officer: Why there are need? To ensure that the assessment is carried out in a consistent and well-organized way,…
Individuals and private organizations must pay income tax if their annual income exceeds the minimum exemption cap, according to the…
The Ministry of Corporate Affairs, in a statement, released on the 29th of October 2018, has declared to favor the requests…
The Government of India has been striving to eradicate black money. One of the steps has been to obligate the authorities, government…