Learn about TAN (Tax Deduction and Collection Account Number), its necessity, application process, and the differences between TAN and PAN.
Learn about tax audit under Section 44AB, including objectives, requirements, forms, and penalties for non-compliance.
Understanding how residential status affects income taxability in India. Learn about the different residential statuses and their tax implications.
CBI arrests Principal Commissioner of Income Tax and 4 private individuals in a bribery case involving Rs. 10 lakh from different assessees. Investigation ongoing.
Have questions about income tax payment? Read this article to find answers to frequently asked questions about income tax, including payment deadlines, income classification, gross total income, deductions, tax liability computation, and more.
Explore common FAQs on income tax assessments, including types, procedures, and time limits for sections 143, 144, and 147.
Learn about tax loss adjustments, including intra-head and inter-head, carry forward rules, and restrictions on set-offs under Indian tax laws.
Learn about clubbing of income under Indian tax laws, where income of one person is included in another’s taxable income, including exceptions and provisions.
Learn what constitutes capital gains, how they are taxed, the types of capital assets, and distinctions between short-term and long-term capital gains in India.
Monetary gifts to individuals or HUFs exceeding ₹50,000 in a year are taxable unless received under specific exemptions like from relatives, on marriage, or as inheritance.
