Tax avoidance is lawful; Tax avoidance is criminal

By |2021-09-01T07:54:10+00:00September 1st, 2021|Categories: ITR Filing|Tags: , , , , , , , , , , , |

Tax Avoidance and Tax Evasion are two idioms that serve a common motive i.e ‘To lessen the amount of tax from person, firm or any legal entity’s earnings” but one dissimilarity which can be drained from these two conceptions is that one focus to do it in a legal manner and other seek for an illegal [...]

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Consequences of Failing to File an Income Tax Return

By |2021-09-01T07:53:19+00:00June 23rd, 2021|Categories: ITR Filing|Tags: , , , , , , , , |

The deadline to file an income tax return (ITR) for the fiscal year 2020-21 is approaching quickly. As of December 28, 2020, the income tax department announced that over 4.37 crore income tax returns for the assessment year 2020-21 had been filed, up from 4.23 crore the day before. Due to pandemic-related delays, the deadline for [...]

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