Deduction Under Section 80TTA
The government always tries to make a simple law but sometimes the results are just the opposite. The same happens …
Income Tax
income tax
Some Common and Uncommon Ideas to Save Tax in Business
As a CA firm, when we start auditing in any business entity, we observe the treatment of many expenses that …
Read moreSome Common and Uncommon Ideas to Save Tax in Business
Exemption for dividend Income received from Indian Company Sec.10 (34)
The dividend is basically a part of the profit of the company to distribute to the shareholders of the company. …
Read moreExemption for dividend Income received from Indian Company Sec.10 (34)
Comparison of Old and New Income Tax Scheme:
Introduction: As we all aware that Income Tax is levied upon an individual on the basis of different tax rates …
Know all about Section 54F: Capital Gains tax exemption
In this article we will discuss capital gains tax exemption available for an assesses by way of section 54 F, …
Read moreKnow all about Section 54F: Capital Gains tax exemption
Budget 2020 : Exemptions Not Available Under New Tax Regime
Exemption as per budget 2020 Union Budget 2020 was presented in parliament by honorable Finance Minister on 01.02.2020. In our …
Read moreBudget 2020 : Exemptions Not Available Under New Tax Regime
How To Get An Old Income Tax Refund?
Introduction: As we all know if we had paid excess taxes than our income tax liability either by TDS/ TCS …
Reasons why Taxpayers may get Income Tax Notice
After filing the Income Tax returns by the assessee, the Income Tax department processes the return and verifies the correctness …
Reasons and Rectification of Defective Return Notice U/S 139 (9)
Meaning : Section 139 of the income tax Act, 1961 has provided the limit for every type of assessee who …
Read moreReasons and Rectification of Defective Return Notice U/S 139 (9)
How To Respond To U/S 139 (9) Defective Return Notice ?
Sometimes we make some errors or omissions in return of income and we realize those mistakes after filing of such …
Read moreHow To Respond To U/S 139 (9) Defective Return Notice ?