Documents required to reply the IT Notices   Introduction The Income Tax Notice alerts taxpayers to problems with their tax bills. Reasons for notification include errors in submissions, assessments or requests for information. Instantly respond to required documents like Form […]

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 […]

What incomes fall under the head of Income From Other Sources? Introduction The Income Tax Act, 1961 is the most direct tax applicable to Indian citizens. Those who receive a salary should pay it according to their income and tax […]

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 […]

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 Act can be a daunting experience for individuals or businesses. However, it is […]

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 […]

Appeal to Commissioner under Income Tax: How to file it? Introduction   The Income Tax Department is responsible for collecting taxes from individuals and businesses in India. However, there may be instances where a taxpayer is aggrieved by the actions of […]

All you need to know about Section 194EE of Income Tax Act, 1961 Introduction Tax Deducted at Source (TDS) is a method of collecting tax at the time of payment. Section 194EE of the Income Tax Act, 1961 governs TDS […]

Section 194N of the Income Tax Act Introduction In the Union Budget of 2019, a new provision was introduced under Section 194N of the Income Tax Act. This section was introduced to simplify cash transactions and encourage digital payments. The […]