Introduction Section 68 of the Income Tax Act, 1961 is meant for unexplained cash credits. The credit of any amount to the taxp...
Introduction In the first quarter of the financial year 2020-21 on 8 May 2020, CBDT has issued and announced an Interim Action Plan&...
Introduction Digital economy refers to economy that is based on the digital computing technologies. Although these days there is an increas...
Income Tax – Meaning and importance Income tax refers to the tax that an individual or company is liable to pay on the income that has been paid in a fin...
Offences and Penalties A table containing the details of offences and penalties applicable under the provisions of Income Tax Act along with the latest amendment vide Finance Act, 2021 that are applicable for the Assessment Year 2022-23 and further a...
Income Tax Slabs and RatesIn India, Income Tax Slabs are announced by the Finance Minister of India every financial year. Presently, there are two regimes of income tax such as new regime and old regime. The tax benefits cannot be availed under the new tax regime. However, ta...
