10 Things to Know about Tax Planning for Self-Employed Professionals Introduction Tax planning is a crucial aspect of managing finances for self-employed professionals. It involves strategic decision-making and proactive measures to optimize tax liabilities while ensuring compliance with relevant laws […]

All about House Rent Allowances for Non-Resident Indians Introduction The concept of Home Rent Allowance (HRA) plays a crucial role in the lives of individuals living away from their home countries. For Non-Resident Indians (NRIs), understanding the nuances of HRA […]

A Complete Guide to Non-Profit Tax-Exempt Status Introduction Non-profit organizations are essential to resolving social concerns and providing for the needs of the neighborhood. Many non-profit organizations look for tax-exempt status with the IRS to finance their operations and promote […]

How to Reply to the Notice of the Delayed Filing of Income Tax? Introduction Receiving a notice from the tax authorities regarding the delayed filing of income tax can be unsettling. However, it’s important to remain calm and take prompt […]

What are the Differences between 194Q and Section 206C of Income Tax Act? Introduction The Income Tax Act of India is a comprehensive legislation that governs the taxation system in the country. Among its provisions, Section 194Q and Section 206C […]

All about the Income Tax Act Section 43B: Dis-allowance for delayed Payment to MSMEs Introduction The Income Tax Act of a country plays a crucial role in governing the taxation system and ensuring fair practices. One such important provision within […]

What are the key changes in New ITR Forms for AY 2023-24? Introduction The income tax filing process in India undergoes regular updates and revisions to align with evolving tax laws and streamline the compliance procedures. As the assessment year […]

What are the Last-minute income tax saving options? Introduction As the financial year comes to an end, taxpayers look for ways to save on their income tax liabilities. Proper planning can help you save a significant amount of money through various […]

How to Save Penalties on Late TDS Revised Return Filing? Introduction Tax Deducted at Source (TDS) is a system where taxes are deducted at the time of making certain payments, such as salaries, rent, or professional fees. Deductors must submit […]