Exemption from advance tax
Exemption from advance tax is provided to senior citizen who don’t have any business income under section 207 SENIOR CITIZEN […]
Income Tax
Rectification of mistakes
Rectification of mistakes allows taxpayers to rectify mistakes or errors in their previously filed tax returns or other documents submitted
Form No 10AC
Form No 10AC lead to some clarifications issued by CBDT Finance Act, 2022 has inserted sub-section (4) in section 12AB
Presumptive Taxation Scheme
EVERYTHING ABOUT PRESUMPTIVE TAXATION SCHEME What is the meaning of presumptive taxation scheme? As per sections 44AA of the Income-tax
Faceless penalty amendment scheme
CBDT NOTIFIES FACELESS PENALTY AMENDMENT SCHEME, 2022 CBDT has notified the amendment in the faceless penalty scheme, allowing mandatory personal
New Registration for Trust & Societies
New Registration for Trust & Societies is announced by Finance Ministry. Finance Ministry has notified rules for implementation of these
Aadhar must link with PAN
Aadhar must link with PAN has been compulsory for those persons who obtained PAN before July 1, 2017 to avoid
JSON Scheme for Form ITR-7
JSON Scheme for Form ITR-7 is notified by CBDT for persons including companies required to furnish under sections 139 (4A
EPF and ESI
EPF and ESI are two social security schemes that are designed to provide financial protection to employees in case of
Angel Taxation under Income Tax
Angel Taxation under Income Tax is a tax imposed on capital raised by start-ups in India through the issue of
