Direct Taxes (Income Tax)

10 ITR Mistakes That Invite Income Tax Notices (and How to Avoid Them)

Common ITR filing mistakes that trigger income tax notices: AIS mismatch, wrong form, foreign assets, unverified return, wrong deductions, with fixes and a checklist.

Paid Your MSME Vendor Late? Section 43B(h) Can Cost You the Deduction

MSME 45-day payment rule under section 43B(h): who is covered, 15 and 45 day limits, disallowance, MSMED Act interest, worked example and compliance steps.

TDS Traps You Must Avoid: Common Mistakes That Can Cost You Big (Income Tax)

Introduction:Tax Deducted at Source (TDS) is one of the most critical compliance areas under the Income Tax Act, 1961. Despite its regularity and widespread...

TDS under Section 194Q – New Section Applicable w.e.f 01.07.2021

Handbook on Finalisation of Accounts with GST Perspective

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Compliance Calendar for the month of December 2020

Income Tax Slab Rates – FY 2019-20 AY 2020-21

All about “New Form 26AS” which every tax payer should know about !

What is Form 26AS? Form 26AS, popularly known as the Tax Passbook is an annual statement in which the details of tax credit against...

TDS on Cash Withdrawal (Sec 194N of IT Act 1961)

TAX DEDUCTION AT SOURCE ( TDS )  ON CASH WITHDRAWAL ( After Amendment in Sec 194N of the Income Tax Act, 1961 ) Section 194N...

Cash Transaction Limit under Income Tax