Facts Related to Regular Assessment or Reassessment under Income Tax
Many people don’t know what to do when they receive notices for an assessment or reassessment under the Income Tax Act. This article is specially drafted for them. Today, we…
Many people don’t know what to do when they receive notices for an assessment or reassessment under the Income Tax Act. This article is specially drafted for them. Today, we…
The government of India has allowed the taxpayers to claim the deduction of donations made by them during the financial year. But there is hardly a mechanism to check the…
People tend to be confused about the tax exemption available under section 54 and section 54F of the Income Tax Act. Through this article, we have made a humble attempt…
Many taxpayers don’t know that they have to mandatorily pay taxes due in advance to the government in a financial year and end up paying a hefty penalty for not…
Deduction of Interest Earned on Savings Accounts & Deposits We all know that saving money is very crucial for achieving financial independence. Usually, many of us keep our hard-earned money…
Have you received a notice or intimation from the Income Tax authorities? But don't have any clue why you received it in the first place or under which section you…
In recent times, many startup companies and new ventures have started in India. Generally, founders or investors hold a substantial percentage of equity in those companies. But that equity shares…
Do you also get fascinated by the term ESOPs as we do?? Well, if your reply is YES then this article is what you need to understand almost everything about…
Are you paying a hefty rental amount or earning substantial rental income? If yes, then this article is for you. Do you know that as per Income Tax Act, 1961…
Leasing of immovable property is a common phenomenon. Now a day’s companies take laptops, furniture, etc. on lease. “LEASE” is the contract that conveys the right to use the asset…