Introduction: Tax Collected at Source (TCS) is a mechanism implemented by the government to collect tax at the source of …
Read moreUnderstanding 20% Tax Collected at Source (TCS) – FAQs
Income tax appeal filing refers to the process of challenging a decision or order of the income tax department or …
Read moreMastering Income Tax Appeal Filing: A Comprehensive Guide for Taxpayers
Non-Resident Indians (NRIs), individuals of Indian origin residing outside of India, often maintain financial interests in their home country. These …
Read moreUnderstanding NRI Scrutiny: Ensuring Compliance with Indian Financial Regulations
Introduction: Hello, dear readers! In this article, we will delve into the recent changes in the Indian income tax department …
Read moreUnderstanding the New 20% TCS Provision on Remittance Abroad: What You Need to Know
Q1: What is income tax demand? A1: Income tax demand refers to the amount of tax liability determined by the …
Read moreComprehensive FAQ: Understanding Income Tax Demand Notice
As an NRI (Non-Resident Indian), if you decide to sell your property in India and become a foreign citizen by …
Read moreTax Provisions for NRI Property Sellers Who Become Foreign Citizens
The Risks of the Notice Settlement Scam As a Chartered Accountant with years of experience, I have come across a …
Read moreBeware of Income Tax Notice Settlement Scam: Why Shortcuts Won’t Work
1. What is a notice under section 148? The Income Tax Department issues a notice under section 148 when it …
Read moreFAQs on Income Tax Notice U/s 148 – Everything You Need to Know
Introduction: As a tax professional, I recently handled a case that resulted in saving my client a significant amount of …
In this particular case, we were able to save 80 lakh rupees within the legal framework, without resorting to any …
Read moreHow a Simple Understanding and Calculation Saved 80 Lakh Rupees in a Tax Case