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How to Correct Errors in Your ITR Filing Using Section 139 and Avoid Penalties
Errors in income tax returns—whether it's missing income, incorrect deductions, or selecting the wrong ITR form—can lead to notices,...

Asharam Swain
Jun 119 min read
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How to Handle Scrutiny Notices for Underreported Salary or Business Income in Your ITR?
Scrutiny notices under Section 143(2) of the Income Tax Act are issued when discrepancies arise in reported income, most commonly in...

Dipali Waghmode
Jun 119 min read
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Claiming Tax Deductions for Business Expenses and Avoiding Notices for Incorrect Reporting
Incorrectly claiming business expense deductions is one of the most common triggers for income tax notices in India. Under the Income Tax...

PRITI SIRDESHMUKH
Jun 1111 min read
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Responding to Tax Notices Under Section 142(1) for Missing Income and Deductions
Taxpayers may receive a notice under Section 142(1) of the Income Tax Act when the Assessing Officer seeks clarification or compliance...

Nimisha Panda
Jun 118 min read
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Aadhar Card: Understanding the Basics & Importance of Linking PAN with Aadhaar
Every citizen of the nation is given a unique identification number known as an Aadhaar card. It is among the most crucial documents to...

Rashmita Choudhary
May 1415 min read
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Sold Goods for Cash Journal Entry
Cash sales of items indicate that a business has sold goods or services. Selling goods and services and making money and profits are the...

Dipali Waghmode
May 58 min read
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Who is liable to deduct TDS under Section 194H?
Section 194H of the Income Tax Act, 1961 mandates the deduction of Tax Deducted at Source (TDS) on commission or brokerage payments made...

Rajesh Kumar Kar
Apr 306 min read
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What is a Small Company in India? A Detailed Guide
The idea of small firms was created by the Firms Act, 2013 (the "Act") to benefit small enterprises that operate as private limited...

Rajesh Kumar Kar
Feb 159 min read
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What is a Void Contract: A Detailed Guide
If you deal with businesses or in general, it is essential to understand what a void contract is and how to avoid one. Contracts that are...

Indrajeet Sharma
Feb 117 min read
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Independent Director: Applicability, Roles, And Responsibilities
A company's activities are overseen by the Board of Directors. A company's individual directors make up the Board of Directors. Certain...

Rashmita Choudhary
Feb 610 min read
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