As seen in the above image there are three options available for correction in Income Tax Challan: Change in Assessment...

However, in our opinion insurance policies are long term investments for a person and not giving the benefit of indexation...

If no action is taken within the due time i.e. 15 days against such defective notice then it will be...

In relation to the above delay in filing Form 10-IC, many companies had filed Form 10-IC under condonation and has...

The lessee shall,- (i) not deduct tax on payment made or credited to lessor after the date of receipt of...

We notice that the provisions of Section 194IA of the Act are applicable where consideration for transfer of an immovable...

During the peak filing period, e-filing portal successfully handled huge traffic providing a seamless experience to taxpayers for filing of...

One of the most prominent reason for PAN of non-resident becoming inoperative is that PAN of such non-resident is still...

Further, if an employee claims refund every year it could mean that assessee could receive notice and would end up...

ln case of purchase of overseas tour program package which is classified under LRS, TCS provision for purchase of overseas...

In order to explain the legal obligations and processes, as well as to address difficulties faced by the Reporting Entities,...

The statement of deduction of tax for the first quarter of the financial year 2023-24, required to be furnished in...

Increased TCS rates to apply from 1st October, 2023: The increase in TCS rates; which were to come into effect from 1st July,...

As announced in during the presentation of Budget, 2023, the new regime of tax under section 115BAC shall be the...

Gifts received by HUF from its members are exempted from Income Tax under Section 56(2)(vii)/ 56(2)(x) of the act.