Intimation under Section 245 of the Income Tax Act Explained
What is an Income Tax Notice under Section 245? A notice under Section 245 of the Income Tax Act is sent when the Income Tax Department plans to adjust your…
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How to Respond to a Section 143(2) Income Tax Notice for Scrutiny Assessment
What is a Reply to Notice under Section 143(2)? A reply to a notice under Section 143(2) is the response you give when the Income Tax Department selects your return…
Section 148 of the Income Tax Act: Notice for Assessment or Reassessment
As per the Income Tax Act, the Income Tax Department has the power to reopen your past income tax records if they believe that some income was not reported or…
MCA Change Request Form (CRF) Explained
On 19th February 2024, the Ministry of Corporate Affairs (MCA) introduced the Change Request Form (CRF) under MCA-21 services. This form helps users request changes that cannot be completed through…
Section 194-IB TDS on Rent: How to File Form 26QC
Form 141 under the Income Tax Act, 2025 (earlier Form 26QC under the Income Tax Act, 1961) is a challan-cum-return form used to report and pay TDS on rent under…
Online Trademark Registration Process & Procedure for Brands in India
In simple terms, a trademark is a unique sign, logo, name, symbol, design, or even a tagline that helps identify your business, products, or services. It helps customers recognize your…
ITR-U Explained: What the Updated Return Form Is and How to File It in India
ITR-U (Updated Income Tax Return) is a form that lets you correct mistakes or add missing details in your previously filed income tax return. You can file it within 4…
CRF Form for Updating Master Data on MCA Portal
The CRF form to change master data on the MCA portal is a special request form used when any information shown on the MCA website is incorrect, incomplete, or does…
Angel Tax Exemption in India: Eligibility, Declaration & Application Process
What is Angel Tax? Angel Tax was introduced under Section 56(2)(viib) of the Income Tax Act, 1961. It applies to unlisted companies (startups whose shares are not publicly traded) when…
Angel Tax in India: Exemption, Applicable Rate & Example
If you are an entrepreneur, you’ve likely heard of “Angel Tax.” Under Section 56(2)(viib) of the Income Tax Act, an unlisted company or startup in India was required to pay…