What is Income Tax Return? Tax on incomes, earnings and gains is levied by the Income Tax Act, 1961 (‘Act’) in India and the same is…

What information does Income Tax Department have about you?  |   Individual Transaction Statements Vis a Vis Form 26AS Income Tax is one of the most prevalent…

I. Introduction: With Globalization-Digitalization and Industrial Revolution, there have been significant changes in working of a business. Advertisement is one of the ways through which people…

KOSH MULO DAND’ this motto of the Income Tax Department (IT Department) literally means “The treasure is more important than the army” and its implied meaning…

Introduction:- Gifts are usually capital receipts by nature. The Income Tax Act, 1961 (‘Act’) which is levies tax on incomes, that is revenue receipts, carves out…

INTRODUCTION Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) is a kind of advance tax that needs to be deposited with the government…