If you are a salaried worker, a start-up founder, or a business owner whose business is growing, managing your taxes can be hard. Tax laws, compliance rules, and financial responsibilities…
Long‑Term Capital Gains Tax – Full Guide Investing is crucial for everyone, particularly young adults, as people continually look for opportunities that yield long-term returns. To make well-informed investment decisions,…
Merchant Navy Workers Taxation in India Similar to other Indian citizens, seafarers or merchant navy professionals are governed by Indian income tax laws. However, their tax liability primarily depends on…
Easy Guide to e-Notices and Their 6 Types Under Income Tax With the advancement of technology, most communications from the Income Tax (IT) Department are now sent to the taxpayer’s…
Understanding Schedule FA in ITR Forms and Its Implications under Black Money Laws 1. Introduction Schedule FA, which deals with the disclosure of foreign assets, has been an essential part…
Schedule FA – Disclosure of Foreign Assets in ITR In a recent communication, the Income Tax Department has advised taxpayers to declare details of foreign assets and income earned abroad…
Have You Received an SMS or Email from the Income Tax Department Regarding Foreign Assets The Income Tax Department has started issuing SMS and email communications to taxpayers about potential…
Disclosure of Foreign Assets in Income Tax Return: Penalty & Due Date The movement of black money through foreign tax havens has long been a major concern for the Income…
Income Tax department identifies cases of non-disclosure of foreign assets in ITRs The Income Tax Department has detected several cases involving the non-reporting of foreign assets in Income Tax Returns…
How to Handle Income Mismatch in ITR FilingAn income mismatch in ITR filing arises when the income reported by a taxpayer does not correspond with the information available with the…
Simple Guide to TDS on Property Sale by an NRI (Updated Overview) When an NRI sells residential property situated in India, tax must be paid on the resulting capital gains.…
TDS Return Filing Guide under Income-tax Act, 2025 The Income-tax Act, 2025, effective from 1 April 2026, introduces new form numbers for TDS and TCS reporting while retaining the broad…
Section 139(9) of the Income Tax Act, 1961: Understanding Defective Returns Section 139(9) of the Income Tax Act, 1961 deals with income tax returns that contain errors. When a taxpayer…
TDS on Property Transactions: Step-by-Step Guide with Form 26QB | 16B Property purchases and sales in India involve compliance beyond the sale agreement and payment. When the transaction amount reaches…