top of page
One stop for everything related to taxes,
Our Blogs
The latest industry news, interviews, and resources
Claiming Tax Deductions Under Section 80E for Education Loans and Avoiding Scrutiny Notices
Education loans can ease the financial burden of higher studies, and Section 80E of the Income Tax Act offers relief by allowing a...

PRITI SIRDESHMUKH
May 278 min read
6
0
Responding to Section 143(2) Scrutiny Notice
A Section 143(2) notice signifies a scrutiny assessment by the Income Tax Department, usually due to discrepancies or inconsistencies in...

Asharam Swain
May 228 min read
56
0
How to Handle Section 142(1) Scrutiny Notices for Discrepancies in Your ITR Filing
Section 142(1) scrutiny notices are formal communications issued by the Income Tax Department when discrepancies, inconsistencies, or...

Asharam Swain
May 229 min read
16
0
Responding to Tax Notices for Incorrect Capital Gains Reporting and Filing Corrected Returns
After filing your Income Tax Return (ITR), the possibility of receiving a scrutiny notice under Section 143(2) can be a daunting...

Rashmita Choudhary
May 1911 min read
5
0


How to Address a Notice Under Section 143(2) Effectively?
Getting a notice from the income tax department can trigger anxiety and confusion. Deciphering whether you need to address the notice and...

Prachi Jain
May 145 min read
3,379
0


Section 148 of Income Tax Act: Understanding the Notice, Response and Consequences
The Income Tax Act 1961 is replete with provisions that empower tax authorities to ensure the accurate assessment of taxpayers' income....

Nimisha Panda
May 1410 min read
7,249
0


ITR Computation in Excel: Meaning, Format, and Other Relevant Areas
The Indian Income Tax Act, 1961 encompasses all aspects of administration, levy, collection, and recovery of Income Tax in India. But...

Indrajeet Sharma
May 1411 min read
70,150
0


Section 131(1A) of the Income Tax Act: Responding to Income Tax Summons
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....

RAJKUMAR DAS
May 1414 min read
20,949
0


Notice against demand under section 156 of the Income Tax Act,1961
The official document, issued by the Assessing Officer , signifies that you have a tax liability, whether it's due to tax assessments,...

Dipali Waghmode
May 148 min read
6,146
0


Obtaining Income Tax Assessment Order: A Detailed Guide
Section 2(24) of the Income Tax Act 1961 defines income, while Section 2(43) defines tax. According to these definitions, income tax is...

Asharam Swain
May 147 min read
3,866
0
bottom of page