Income Tax

Tax planning is a financial procedure that looks at taxation options to determine the conduct of business to reduce or […]

Section 148 of the Income Tax Act 1961 gives the income tax department the power to issue a notice for

The Finance Act of 2021 introduced Section 194P to the Income Tax Act of 1961. This new section deals with

Set off and withholding of income tax refunds are two mechanisms used by the Income Tax Department to recover outstanding

The Income Tax Act, 1961 provides various tax-saving options to taxpayers. Among these options, deductions under Section 80C, 80CCC, and

Filing Income Tax Returns (ITR) is a crucial step in fulfilling one’s duty as a citizen and also avoids legal

Professional Tax is a tax levied by the state government on individuals and entities engaged in various professions, trades, and

A windfall tax is a surtax imposed by governments on businesses or economic sectors that have benefited from economic expansion.

Income tax is an essential source of revenue for the government to meet the expenses of running the country. It

One of the critical aspects of taxation in India is the Goods and Services Tax (GST) regime, which has radically

On 3rd October 2022, the Federal Tax Authority issued Federal Decree Law No. 47 of 2022 which shall be effective

Income tax is a type of direct tax the central government charges on the income earned during a financial year