Tax Deducted at Source (TDS) is a crucial aspect of tax compliance in India. Both Form 16 and Form 26AS are essential documents for filing Income Tax Returns (ITR). Form…
Various Threshold Limits under the Income Tax Act [AY 2023-24] S.N.ParticularsThreshold LimitsA.Basic Exemption1.Maximum amount of income which is not chargeable to Income-tax in case of Individual, HUF/ AOP/ BOI/ Artificial…
Income tax: what is it? Every person's income is subject to this tax, which is imposed by the Indian government. The Income Tax Act, 1961 contains the rules controlling income…
Addition made by Income Tax Officer was not sustainable merely on the basis of entries in bank account maintained with HSBC Bank, Geneva, Switzerland ITO Vs. Alkesh Pratap Chandra Bhansali…