Income Tax
Tax on winnings from online games
Section 115BBJ – Tax on winnings from online games
Section 194BA – TDS on winnings from online games […]
Income Tax
Income Tax
Tax Audit Report
Last updated on October 1st, 2022 at 08:37 amTax Audit Report A Tax Audit Report is a report prepared by a Chartered Accountant in practice after auditing the books of accounts of the taxpayer. A […]
Income Tax
Can you rectify your 26AS?
Last updated on November 7th, 2022 at 08:17 amWhat to do if a wrong high-value transaction appears in 26AS? The government of India has mandated the filing of form 26AS containing specified high-value financial […]
Income Tax
Income Tax applicability on HUF
Income Tax applicability on HUF Introduction No change in the income tax rates and no additional cess was one of the biggest takeaways of Union Budget 2021 or Union Budget 2022 considering the impact of […]
Income Tax
Refund Re-Issue Request
Last updated on September 16th, 2022 at 02:47 pmRefund Re-Issue Request ITR filing and its processing You have filed the ITR but have not e-verified it (Read – How to e-Verify ITR? | Know the […]
Income Tax
Tax implications on Cashback
Tax implications on Cashback Cashbacks Cashbacks are incentives or an offer of money as a present that stores/banks/apps are offering to their customers. A cashback can either be instant or deferred till a specified time […]
Income Tax
Is your income tax refund still pending?
Last updated on September 11th, 2022 at 05:44 pmIs your income tax refund still pending? Step 1 – Verify whether your bank account is validated & nominated for a refund Login with valid credentials on […]
Income Tax
Applicability of Tax Audit
Last updated on September 4th, 2022 at 04:13 pmApplicability of Tax Audit When tax audit will be mandatory for a person deriving income from a business? Section 44AB(a) – If the total sales from a […]
Income Tax
Futures & Options
Last updated on August 29th, 2022 at 07:22 pmFuture & Option (F&O) derives its value from the underlying assets like shares/commodities. Hence, F&O are considered derivative products in the stock market. Is F&O speculative income? […]
Income Tax
Clause 44 of Tax Audit Report
Last updated on September 12th, 2023 at 08:19 pmClause 44 of the Tax Audit Report ⇒ Clause 44 was notified vide CBDT Notification 33/2018 dated 20th August 2018 to be implemented for FY 2017-18 and […]