Navigating the Indian tax landscape demands vigilance, especially given the prevalence of tax scams. In this post, we’ll delve into common tax scams, signs to be […]

Picture this: a world where the rich not only get richer but also smarter about their money. In this article, we’re diving into the intriguing world […]

Many Indians find themselves living and working overseas in a world that is becoming more interconnected, all the while keeping close ties to their homeland. These […]

People frequently experience a mix of excitement and nervousness during tax season. Although the possibility of a return is enticing, this is also the time of […]

Navigating Tax Season Safely Tax season can be a stressful time for many individuals and businesses, and unfortunately, it’s also a time when tax scams and […]

When it comes to income tax returns (ITR), timely refunds and efficient processing are crucial aspects of a taxpayer’s journey. In this era of digital transformation, […]

Under the Goods and Services Tax (GST) system, filing GST returns on time is a crucial obligation for individuals, traders, organizations, and companies. It involves providing […]

The experience of receiving income tax notices after filing an income tax return (ITR) often brings stress and confusion. Many taxpayers struggle to comprehend the motives […]

Retirement planning is a crucial aspect of financial well-being, and in India, there are several investment options available that offer tax benefits along with the potential […]

As the deadline for Income Tax Return (ITR) filing approaches, it is essential for Indian taxpayers with foreign assets, bank accounts, or earnings to be aware […]

Understanding tax planning tactics is essential for small business owners in India if they want to maximise their financial assets while adhering to the law. You […]

The government of India has announced a reduction in the Goods and Services Tax (GST) on electronic items. This is good news for consumers, as it […]

Partnership is a popular business entity in India where two or more individuals come together to carry out a business and share the resulting profits in […]

Tax Deducted at Source (TDS) is a crucial aspect of compliance with Indian Income Tax regulations, particularly when it comes to cash transactions. The Indian government […]

Inside Tax Consultants, a renowned CA firm in Delhi specializes in providing top-notch GST services to businesses. With over 7+ years of experience in the industry, […]

Tax Implications for YouTubers and Influencers: Understanding the Income Tax and GST Rules YouTube video blogging, or vlogging, has become immensely popular, with many content creators […]

When an individual’s professional receipts exceed INR 50 lakhs, they enter a different tax compliance category. This article delves into the various compliances and procedures that […]

There are many strategies to reduce taxes and reap the biggest savings. A better strategy is to start making purchases in the first quarter of the […]

What is Form 16? Form 16 is a certificate issued by employers to employees, providing a detailed summary of salary payments and TDS deductions. TDS is […]

On Wednesday, the Income Tax Department made forms that are offline to file income tax returns available. As of right now, the I-T Department has made […]

Investing in stocks can be a great way to grow your wealth over time. However, it’s important to understand the tax implications of investing in stocks, […]

IT departments all across the world are preparing for the start of the new fiscal year as we speak. IT departments are in charge of making […]

Tax calculator, tax calculator 2023, tax calculator fy 2023 24, income tax login, income tax portal, income tax calculator The IT department releases an online tax […]

Entrepreneurship is a challenging yet rewarding journey, especially in India, where the government has been actively encouraging and promoting the growth of Micro, Small & Medium […]

As the current financial year (FY 2022-23) draws to a close, taxpayers should take advantage of some tax deductions before the March 31st deadline. To save […]

As the tax season approaches, many people start to feel overwhelmed and confused by the complex world of income tax. If you’re a beginner, the process […]

By March 31, 2023, taxpayers must link their Permanent Account Number (PAN) to their Aadhaar, otherwise, the Central Board of Direct Taxes (CBDT) has stated that […]

A loan is simply the act of borrowing money with the intent to repay it over a predetermined period of time (tenor). You must pay the […]

By November, direct tax revenue increased by 24.2% to $8.7 billion. FinMin reports that 5.13 crore returns were made throughout July 2022, with 72.42 lakh ITRs […]

If you have paid the government more tax than the actual tax burden, you are entitled to get an income tax refund. This typically occurs when […]

Finance Minister Nirmala Sitharaman will introduce the Union Budget 2023 to Parliament on February 1. The budget for this year is projected to be growth-oriented, with […]

As February 1 draws nearer, we start to see wish lists from various social groups. The voice of the salaried class, which aspires for tax breaks […]

The majority of individuals are not aware of the advantages of paying taxes following the law. A 1% TCS is charged on vehicles costing more than […]

Indian credit card users’ monthly spending has risen sharply in recent years. Compared to debit cards, credit cards are more popular among users since they come […]

All About Tax Structure In India Taxes are an important and largest source of income for the government. The government uses the money collected from taxes […]

The MSME stands for Micro, Small and Medium Enterprises and is the main Government body that deals with the management & preparation of guidelines, rules, and […]

The Following 6 Transactions May Lead To An Income Tax Notice The income tax authority keeps an eye on high-value transactions, and these transactions may frequently […]

Do minors have to pay taxes? Yes, under section 64(1A), any income that is earned by or paid to a minor is included in the parent’s […]

Synopsis- Gifts are given to loved ones during Diwali. Even some businesses reward their workers with bonuses. Even though everyone enjoys receiving gifts, income taxpayers should […]

In India, tax incentives are available for tuition and other educational costs. Based on this, deductions of up to Rs. 1.5 lakh may be requested. Varying […]

Vinai Kumar Saxena, the lieutenant governor of Delhi, on Tuesday, unveiled the “SAMRIDDHI 2022–23” one-time property tax amnesty programme, claiming that it will be a significant […]

The R&D Tax Credit: What Is It? Companies that produce new or improved business components, such as goods, processes, computer software, techniques, formulas, or ideas, that […]

What is DIN? Each person who wants to become a director of a corporation or a designated partner in an LLP is given a special director […]

All of our daily activities were severely hampered by the lockdown. Even going outside to get some groceries gave me the impression that I was entering […]

Article 80G Donating to a charity that will then qualify for Section 80G deductions is one of the best methods to reduce your tax liability while […]

Who doesn’t want to run their own company? Everyone does. However, the dynamics have altered. Owning a business no longer requires setting up shop in a […]

A person must submit an Income Tax Return (ITR) form to the Indian Income Tax Department. It includes details on the individual’s earnings and the yearly […]

Income tax regulations: Three significant modifications to the income tax regulations that were outlined in the union budget of 2022 will take effect after the conclusion […]

Recommendations of 47th GST Council Meeting GoM on Casino, Race Course and Online Gaming to re-examine the issues based on further inputs from States and submit […]

When the IRS uses the alter ego theory to collect debts from company owners, this is referred to as “piercing the corporate veil.” If the IRS […]

Salary Income Is Taxable According to Section 5(2), a non-total resident’s income for any financial year comprises all profits generated from any source that – During […]

India is intending to curtail government expenditures on a few palatable oils to cool the home loan market after the conflict in Ukraine and Indonesia’s restriction […]

Tax planning or selecting the best investment option is undoubtedly a difficult process that many of us dread. While we all want to save money on […]

A new form for filing updated IT returns has been announced by the Income Tax Department. In this form, taxpayers should provide the reason for filing […]

As alcohol is always high in demand in a state like Delhi, on the other side it helps in generating a major part of revenue for […]

The GST Council plans to raise the 5 per cent GST slab to either 7 or 8 or 9 per cent. With most states on board […]

The Internal Revenue Service (IRS) has released the earnings tax return (ITR) types for FY 2022-23. The Central Board of Direct Taxes (CBDT) issued a circular […]

Tax is a  financial compulsion imposed by the governmental organization to fund various kinds of government expenditures in multiple sectors such as education, public health and […]

Union Budget 2022 has brought multiple changes and modifications in income tax-related services. The recovery from a pandemic, financial challenges and opportunities all combined and bring […]

Section 80G(5) has been amended to provide for electronic filing of Annual Return of donations in Form 10BD received in any financial year beginning from 2021-22. […]

What is TDS? TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as […]

What is TDS? TDS or Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as […]

All eyes will be on how the Center balances populist initiatives while treading the tightrope of fiscal consolidation when Union Finance Minister Nirmala Sitharaman presents her […]

Income Tax Return (ITR) is important to file and Income Tax Act, 1961 governs all the policies related to ITR filing. ITR itself is a form […]

We have heard about tax deductions that can be claimed while filing ITR. For example, the premium paid for life insurance can be claimed as deductions […]

Finance act 2021 introduced a new section 194P which offers exemptions to the senior citizen from filing income tax returns. This section came into effect from […]

Earlier, people had two options to define their employment. One was salaried, and the other was self-employed. But now, the third category has evolved, which is […]

Recently government introduced a Composition scheme to simplify GST filing for small taxpayers by reducing formalities. Let’s discuss the same and understand it in a better […]

Income tax is one of the direct taxes that every taxpayer has to pay. But after filing income tax, one needs to file income tax returns […]

The Income Tax Department has announced the roll-out of a new statement namely the Annual Information Statement (AIS) which would provide you with almost all details […]

The full form of MSME is Micro, Small, and Medium Enterprises, and this sector is the backbone of our country’s economy. The MSME industries boost the […]

Goods and Services Tax (GST) was introduced to simplify indirect taxes and unify the Indian market. Apart from this benefit, this tax brought many benefits for […]

Have a great startup idea in mind and want to frame it into a legal business? Then remember that to run any business in India, it […]

According to the latest CBIC notification, a new sub-rule (6) under Rule 59 has been introduced, which can lead to the blocking of GSTR-1 filing. This […]

When it comes to legal formalities and approval, the first thing that comes to mind is the signature. Signature is like personally agreeing or witnessing something […]

When starting a business, there are several vulnerabilities attached to the business environment. That is why there are many provisions launched to safeguard businesses from malpractices. […]

Why government extended the dates of ITR filing? Description: Know why the government extended the deadline of ITR filing to 31 December 2021 with reasons. Consult […]

1. ITR filing of deceased person: Documents required, steps to be taken by legal heirs Even after death, a person cannot be absolved of his tax […]

When it comes to business, there are many legal aspects that are framed to provide a safe environment for all operations, and a patent is one […]

As per the GST law, GST is charged on the transaction value of the goods. However, in the case of second-hand goods, a person dealing in […]

No GST on canteen charges recovered from employees In a ruling by the Gujarat bench, the Authority of Advance Rulings (AAR) has held that the canteen […]

Income Tax may sound simple and one may easily define it as a tax imposed on income. Although it is true, there are many regulations involved […]

Goods And Services Tax (GST) was introduced as a replacement for all the indirect taxes that are applied to the supply of goods and services (in […]

Fact and Issue of the case Permission to file Special Leave Petition is granted. This matter has come up before us even earlier. On 28.06.2021, the […]

Usually, we file our income tax for the financial year in March and then file its return for the assessment year in July. The majority of […]

If you are starting your business, the first step is to give a name to your business. According to Companies Act, 213, one can’t register a […]

Every working professional has to pay taxes, and the topmost among the list of taxes is the Income tax. This tax is applicable to everyone who […]

In India over the last few decades, many small/big ventures are emerging tremendously. Along with huge investments, hard work, dedication, and great strategy, one of the […]

  How to Find the Best CA Firm in Delhi Hiring the best CA firm is essential for any business. These professionals can help you make […]

An income tax return (ITR) filing is mandatory on individuals earning yearly income excess of the basic exemption limit of Rs 2.5 lakh. Even with no […]

INTRODUCTION In order to penalize those who don’t file income tax returns (ITRs) despite being liable to, the government has proposed new Section 206AB and 206CCA […]

The 43rd GST Council meeting under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman via video conferencing on Friday, 28th day of May, 2021 via […]

Income tax is a critical point. It requires a precise calculation. It is important to realize what percentage of your income is being taxed and how […]

Saving through income tax returns needs a precise strategy. It’s better to get a plan ready for your upcoming financial year to save a good amount […]

The Income Tax Department is going to launch a new E-Filing Portal. In preparation for this launch and migration activities, the existing portal will not be […]

As time has changed, financial literacy among people is increasing and now young learners understand the importance of investment in their life. Once upon a time, […]

Every year, a new budget is introduced to focus on all the economic aspects with a common object to improve the economy of India. Recently our […]