Income Tax

Last updated on August 27th, 2022 at 10:52 amHow to Calculate Turnover for Tax Audit u/s 44AB in case of OPTIONS!!   ICAI has clarified the definition of turnover in the transaction of options in […]

Last updated on August 24th, 2022 at 06:48 pm Section Particulars Rate 192 Salary Slab Rates 192A Accumulated balance of taxable PF 10% 193 Interest on securities 10% 194 Dividend 10% 194A Interest other than […]

Last updated on November 16th, 2022 at 06:57 pmVerification of ITR   The return filing process is incomplete unless the filed return is verified within the stipulated time. If a filed ITR is not verified […]

Last updated on July 30th, 2022 at 08:36 pmLife Insurance Policy The popularity of life insurance in India dates back to 1956. From its inception only, policies of life insurance gained momentum certainly for the life […]

Last updated on July 28th, 2022 at 10:34 amSection 234F Fee for default in furnishing ITR Section 234F of Income Tax Act 1961 (Inserted vide Finance Act 2017) (Amended vide Finance Act 2021) ⇒ If […]

Last updated on March 29th, 2023 at 12:28 pmSection 234H Fee/Penalty for not linking PAN with Aadhaar In Union Budget 2021, a specific penalty for non-compliance with the provisions u/s 139AA(2) was introduced. Section 234H […]

Last updated on September 12th, 2023 at 08:44 pmIncome tax compliance calendar There are various compliances that need to be taken care of by corporate as well as non-corporate assessees. Any divergence from the compliances […]