What Happens If You Don’t File Your ITR?
According to the Income Tax Act, filing your Income Tax Return (ITR) within the due date is mandatory. If you fail to do so, you may face heavy penalties and…
Your blog category
According to the Income Tax Act, filing your Income Tax Return (ITR) within the due date is mandatory. If you fail to do so, you may face heavy penalties and…
Stamp duty is an essential part of property transactions. It varies across different states in India and is applicable to all types of deeds or instruments of transfer, including conveyance…
What is GST in India? GST, or Goods and Services Tax, is an indirect tax that replaced several earlier indirect taxes in India, such as excise duty, VAT, and service…
Since the rollout of GST in India, Section 73 of the CGST Act has been applied to determine GST demands in genuine cases where there is no fraudulent intent. However,…
People may wish to change their names for several personal, professional, or cultural reasons. Since a name is a key part of one’s identity and appears on important documents such…
For every taxpayer in India, it is important to know how the tax system works and the correct way to file both direct and indirect taxes. Having a clear understanding…
Under the provisions of the Income Tax Act, 1961, an individual can have one of three residential statuses — Resident, Non-Resident Indian (NRI), or Resident but Not Ordinarily Resident (RNOR).…
In India, the government offers certain tax deductions to businesses to promote growth. These deductions apply only to specific expenses outlined under Section 37 of Income Tax Act. To file…
In India, charitable trusts, societies, and NGOs can get tax benefits and help their donors claim deductions by registering under Sections 12A and 80G of the Income Tax Act, 1961.…
A PAN (Permanent Account Number) card is an essential identification document for both individuals and businesses in India, used for financial transactions and meeting income tax requirements. Generally, it takes…