Income Tax Notice – Online Verification and Authenticity Introduction An income tax notice serves as a formal communication from the tax authorities regarding an individual or entity’s tax affairs. These notices are issued by the Income Tax Department (ITD) and […]

Compliance Calendar For The Month of May 2024 Compliance with tax and statutory regulations is mandatory for both individuals and businesses in India, regardless of their scale of operations. It is crucial for businesses of all forms, such as Private […]

Compliance Calendar For The Month of April 2024 As the new financial year begins in April, businesses and taxpayers around the country have new opportunities and responsibilities. It provides an excellent opportunity for strategic planning and budgeting, allowing businesses to […]

Section 194B of Income Tax Act, 1961: Prize, Betting, Lottery Winning Tax Introduction In the present day, there is a wide range of game shows, including the popular Kaun Banega Crorepati (KBC) and Fear Factor, as well as reality shows […]

Compliance Calendar For The Month of March 2024 Welcome to the Compliance Calendar for the month of March 2024. March being the last month of the Financial Year 2023-24, it becomes crucial for businesses and individuals alike must keep track […]

FAQs on Section 43B: Disallowance of the Amount Payable to MSEs Introduction The Income Tax Act allows the deduction of expenses depending on the accounting system followed by the taxpayer. If the taxpayer follows the cash system of accounting, deductions […]

Compliance Calendar For The Month Of February 2024 As we move into February 2024, the business compliance scenario in India remains as critical as ever. The commitment to meet various legal obligations throughout the financial year is a top priority […]

धारा 194M के तहत निवासी ठेकेदारों या पेशेवरों को भुगतान पर TDS परिचय वित्त विधेयक, 2019 में, व्यक्तियों या HUFs को निवासी ठेकेदारों या पेशेवरों से प्राप्त सेवाओं पर करों में कटौती करने की अनुमति देने के लिए एक नई […]

आयकर अधिनियम, 1961 की धारा 194EE के बारे में आपको जो कुछ जानने की आवश्यकता है परिचय Tax Deducted at Source (TDS) भुगतान के समय कर एकत्र करने की एक विधि है। आयकर अधिनियम, 1961 की धारा 194EE राष्ट्रीय बचत […]