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Essentially, an audit refers to an official evaluation of an organization’s accounts to rule out unintentional errors or intentional...

ITR-4S form, also known as Sugam, has been introduced by the Income Tax Department to make tax filing easier for small taxpayers under...

Section 80RRB of the Income Tax Act was introduced to ensure that an individual doing exceptional work gets their reward. Royalty on the...

Many people have heard of TDS (Tax Deducted at Source), but are not able to fully grasp its concept due to lack of understanding in its...

NGOs and Charitable Trusts may not work for profit, but they are given special benefits by the government for doing their bit for...

Filing income tax returns (ITR) is a key responsibility for individuals with taxable income. However, what happens if your income is...

Filing income tax returns can be a complex process, and one crucial part of it is the submission of income tax proofs to claim deductions...

In recent years, the Indian government has implemented several measures to simplify the ITR filing process for senior citizens. One such...

The phrases "tax planning," "tax avoidance," and "tax evasion" are defined in the Chapter XXII Income-tax Act of 1961 . There are now...

The Income Tax Act  keeps introducing new clauses and rules for taxpayers to follow. The objective is to simplify the process and ensure...