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You, as a taxpayer, pay taxes on the total amount of money you make within a fiscal year. When a person pays more in taxes than they are...

Section 2(24) of the Income Tax Act 1961 defines income, while Section 2(43) defines tax. According to these definitions, income tax is...

An income tax notice from the Tax Department denotes the need for more information, revisions, or clarification regarding your tax...

It's not uncommon to make mistakes when filing your income tax returns (ITRs) . The income tax department issues notices in these...

Assuring that taxpayers pay their fair share of taxes and complete all requirements, tax assessment is a crucial component of the Indian...

India's Faceless Assessment Scheme streamlines income tax filing by doing away with in-person encounters with tax officials. The scheme...

When doing something complex like submitting income tax forms, making an error or two is very acceptable. We might occasionally forget to...

Receiving an income tax notice can be a nightmare, even if you have filed your income tax return on time. Understanding these notices,...

The Indian Income Tax Act, 1961 encompasses all aspects of administration, levy, collection, and recovery of Income Tax in India. But...

Section 131(1A) of the Income Tax Act is a powerful tool in the hands of tax authorities to ensure compliance and prevent tax evasion....