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Income Tax

A Complete Guide on How to Save Income Tax

dateJun 24, 2020
timeReading Time: 8 Minutes

Have you ever dreamt of isolating your income from probable taxes? We bet you did, maybe countless times. But let f...

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Income Tax

Search Cases under Section 153D of the IT Act, 1961: Lawfulness of Prior approval for assessment

dateJun 18, 2020
timeReading Time: 8 Minutes

In present times, the Search Assessment regime under Section 153D of the IT Act, 1961 mandates 'Section 153A and 15...

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Income Tax

Input Tax Credit for Masks, PPEs- Putting up a Fight against COVID-19

dateJun 12, 2020
timeReading Time: 4 Minutes

The government could allow firms to seek input tax credit for masks, PPEs, sanitizers, and other goods of similar n...

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Income TaxLatest News

ITAT: Capital Gain Deduction Claim if No Returns filed

dateJun 11, 2020
timeReading Time: 2 Minutes

The Income Tax Appellate Tribunal (ITAT) Jaipur bench; in an assessee-friendly ruling has held that under section '...

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Music License
Income TaxLatest News

New Income Tax Returns Forms: CBDT Notified FY 2019-20/ AY 2020-21

dateJun 04, 2020
timeReading Time: 4 Minutes

This blog will notify the taxpayers who are waiting to file income tax return (ITR) for the Financial Year 2019-20...

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Income TaxLatest News

CBDT: Specified Income Exempted for Uttarakhand Environment Protection & PCB & Cochin SEZ Authority

dateJun 03, 2020
timeReading Time: 3 Minutes

According to the Notification No. 28/2020, the Central Board of Direct Taxes (CBDT) on Wednesday 28/5; reports the...

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Income Tax

ITAT: On Excused Absence, Plea U/s 12AA & Reflex Disallowance: Income Tax – May, 2020

dateMay 29, 2020
timeReading Time: 5 Minutes

Reliefs have not been declined merely on support of technicalities or payment that has been discharged in cash in t...

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Income Tax

CBDT Notice on Refunds Release & Welfare fund Eligibility for IT: May, 2020

dateMay 25, 2020
timeReading Time: 3 Minutes

On 1st April, 2020, the Central Board of Direct Taxes (CBDT Notice) has disclosed the fact that they have released/...

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Income TaxTaxation

Tax Related Measures by the Government- A Relief for Taxpayers

dateMay 17, 2020
timeReading Time: 4 Minutes

Under COVID-19 shadow, Finance Minister Nirmala Sitharaman announced various tax related measures by the government...

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Income TaxTrust

Business Income & Taxation of Charitable Institution U/s 11(4) and 11(4A): In-depth with Case-Laws

dateMay 13, 2020
timeReading Time: 7 Minutes

There is no prevention on a charitable trust carrying on any business, where business is a concern that can be held...

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Income TaxTaxation

Taxability for Co-operative Societies: A Complete Outlook on Annual Returns

dateMay 02, 2020
timeReading Time: 8 Minutes

An annual return is a legal document that contains details of a Society’s shares, members of the Society, changes...

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Income TaxLatest News

Society must accumulate income as per section 11 of the income tax act: Punjab and Haryana HC.

dateApr 16, 2020
timeReading Time: 2 Minutes

The High Court of Punjab and Haryana has come to a critical verdict regarding the accumulation of account done by t...

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Income TaxTaxation

ITR Rectification – A Complete Guide on How To Rectify ITR Online

dateApr 16, 2020
timeReading Time: 4 Minutes

Fixing an inaccuracy in the tax return does not always demand a revised return. If you have received intimation fro...

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Income TaxTaxation

COVID 19: Govt. to Roll Out Pending Income Tax Refunds worth Rs 5 lakh

dateApr 15, 2020
timeReading Time: 2 Minutes

The Government has rolled out a positive announcement for the taxpayers amid the Cornovirus pandemic. As per the tw...

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