What are the mistakes to avoid while claiming House Rent Allowance (HRA) on the ITR? Introduction House Rent Allowance (HRA) is an important component of an individual’s salary paid by their employers. It is provided to employees to meet their […]
194Q vs 206C: Key Differences in TDS and TCS Provisions 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 play a vital […]
Reply to a Demand Notice Under Section 156 of the Income Tax Act How to reply to a Demand Notice Under Section 156 of the Income Tax Act? Introduction Receiving a demand notice under Section 156 of the Income Tax […]
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 […]
Effortless Tax Filing with the AIS App for Taxpayers Introduction With the rise of technology and the increasing reliance on artificial intelligence, many industries are starting to adopt new technologies to make their processes more efficient. The AIS app for […]
Appeal to Commissioner Under Income Tax and Taxpayer Rights Introduction The income tax system is a critical aspect of any nation’s economy which ensures the provision of essential public services. However, disputes and differences can arise between taxpayers and tax […]
