Section 148 of Income Tax Act: Understanding the Notice, Response and Consequences
The Income Tax Act 1961 is replete with provisions that empower tax authorities to ensure the accurate assessment of taxpayers' income....
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Prachi Jain
Nov 1, 20235 min read
How to Address a Notice Under Section 143(2) Effectively?
Getting a notice from the income tax department can trigger anxiety and confusion. Deciphering whether you need to address the notice and...
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Prachi Jain
Oct 19, 20239 min read
NPS vs PPF: Which Investment is Better for You?
As an effective strategy for increasing wealth and ensuring financial security, investing is vital in life. You may ensure your future...
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Indrajeet Sharma
Aug 12, 202312 min read
80DDB: Diseases Covered, Deduction Limit, and Certificate
Section 80DDB of the Income Tax Act provides relief to assessees through deductions on expenditure incurred for the treatment of...
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PRITI SIRDESHMUKH
Aug 9, 202310 min read
How to file Income Tax Return for Previous Years? Belated Return under Section 139(4)
Filing the income tax return (ITR) is an important annual exercise that should be adhered to duly. What if you fail to do so? Perhaps you...
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Rajesh Kumar Kar
Jul 31, 20238 min read
Understanding the Cost Inflation Index and Its Related Announcements
In a recent announcement, the Central Board of Direct Taxes (CBDT) declared that the 'Cost Inflation Index (CII)' for the Financial Year...
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Indrajeet Sharma
Jul 28, 20239 min read
Section 139(8A): Updated Return (ITR-U)
Filing income tax returns can often be a complex and confusing task, especially if you realize that you’ve made an error after...
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Simran Sahni
Jul 19, 20236 min read
TaxBuddy vs ClearTax: Comparison of Top ITR Filing Platforms
Choosing the right online platform for filing your Income Tax Return (ITR) can greatly influence the ease, security, and efficiency of...
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Indrajeet Sharma
Jul 18, 202311 min read
Section 194R of Income Tax Act: Purpose, Applicability, and TDS Compliance
Section 194R of the Income Tax Act mandates the deduction of tax at source (TDS) on any benefits or perquisites provided in the course of...
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PRITI SIRDESHMUKH
Jul 15, 20237 min read
Structuring the Process: How to File ITR-U Online
The Income Tax Act of 1961 provides taxpayers with a valuable tool known as the Income Tax Updated Return (ITR-U). This specialized...
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