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How to Reply Notice for Non Filing of Income Tax Return?

July 18, 2020 93400 Views 5 comments Print

Income Tax Department issue notices to non-filer of Income Tax Returns from time to time and Taxpayer needs to submit his reply to such notices. Department has enabled a facility by which taxpayer can submit his response online to such notices.

Filing of 26QB Statement & Payment against TDS Defaults

July 18, 2020 41605 Views 1 comment Print

Deposit of Tax deducted and Demand for TDS Defaults with respect to Purchase of Immovable Property (26QB Statement-cum-challan) Here is a important tips, for the convenience of Taxpayers, who have executed any transaction for Purchase of Immovable Property exceeding Rs. 50 Lakhs (Rupees Fifty Lakhs). Please take note of the following key details for Payments […]

Overview of Term – “Indemnity”

July 18, 2020 35440 Views 1 comment Print

Section 124 of The Indian Contract Act, 1872 defines “Contract of indemnity” as “A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a “contract of indemnity.”

How to Use NSDL demat account details to generate EVC

July 18, 2020 24731 Views 2 comments Print

Learn how to generate EVC for e-Filing of Income Tax return using NSDL demat account details. Simplify the process with this step-by-step guide.

Ultratech Cement liable to Pay Interest @ 12% on Exessive Subsidy until Entire Excess Subsidy Recovered

July 17, 2020 1266 Views 0 comment Print

Whether interest will be levied on availment of excessive subsidies of 25% under Rajasthan Investment Promotion Scheme-2003 until the whole excessive subsidies are recovered?

Benefit of Basic Custom Duty exemption on import of ‘GoPro HERO5 Black’ Action Camera Allowed

July 17, 2020 3087 Views 0 comment Print

whether assessing officer is correct in rejecting the benefit of Basic Customs Duty exemption claimed by the appellant on the import of ‘GoPro HERO5 Black’ Action Camera?

Municipality or Panchayat cannot Increase Terminal Tax Rate of transportation of Coal

July 17, 2020 1446 Views 0 comment Print

whether Municipal Corporation/Municipal Council or the Nagar Panchayat are empowered to increasing the rate of Terminal Tax imposed upon the transportation of coal?

Gold Investment- Pros & Cons in Indian Market

July 16, 2020 8358 Views 3 comments Print

investor’s monetary goals in a way. The most singular and valid reason that places gold in the upper region is the fact that in the market, gold’s value never faces a drawback. The prices always go up on a rollercoaster that does not come down. This is the sole reason that has attracted millions of […]

Common mistakes in filling of Income Tax Return

July 16, 2020 224572 Views 25 comments Print

Avoid common mistakes while filling your Income Tax Return (ITR) form. Ensure accuracy in PAN details, name, date of birth, and address to prevent computation errors.

How to Reset Password on Income tax Website

July 16, 2020 46541 Views 29 comments Print

Registered user can reset the password using one of the following options: 1. Answer Secret Question. 2. Upload Digital Signature Certificate 3. Using OTP (PINs)

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