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Income tax act

Interpreting Income Tax Notices: Authentication and Reply

Documents required to reply the IT Notices   Introduction The Income Tax Notice alerts taxpayers to problems with their tax…

TDS on Prize, Betting, Lottery Wining

Section 194B of Income Tax Act, 1961: Prize, Betting, Lottery Winning Tax Introduction In the present day, there is a…

Incomes fall under the head of Income from other sources

What incomes fall under the head of Income From Other Sources? Introduction The Income Tax Act, 1961 is the most…

10 Tax Planning Tips for Self-Employed Professionals

10 Things to Know about Tax Planning for Self-Employed Professionals Introduction Tax planning is a crucial aspect of managing finances…

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…

All about a Taxpayer’s Rights while Filing an Appeal to the Commissioner

Appeal to Commissioner Under Income Tax and Taxpayer Rights Introduction The income tax system is a critical aspect of any…

What is an Appeal to Commissioner under the Income Tax Act?

Appeal to Commissioner under Income Tax: How to file it? Introduction   The Income Tax Department is responsible for collecting taxes…

Section 194EE: TDS on payments made for deposits under NSS

All you need to know about Section 194EE of Income Tax Act, 1961 Introduction Tax Deducted at Source (TDS) is…

A complete guide on Section 194N of the Income Tax Act

Section 194N of the Income Tax Act Introduction In the Union Budget of 2019, a new provision was introduced under…