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Additional depreciation is a tax deduction that allows businesses to claim an extra percentage of depreciation on top of the regular...

Table of Content Section 142(1) of the Income Tax Act Power to issue Notice under section 142(1) The objective of issuing a notice...

Receiving an income tax notice can be a horrible experience for many individuals and businesses. If you've found yourself in this...

Short-term capital gains (STCG) significantly impact your tax liabilities, especially when dealing with assets sold within a short...

While the world of cryptocurrency is shifting, so is the tax landscape around it. In India, crypto investors are learning to steer...

Dealing with income tax assessments or penalties can be stressful, especially when you feel the decision made by the tax authorities is...

The official document, issued by the Assessing Officer , signifies that you have a tax liability, whether it's due to tax assessments,...

Every citizen of the nation is given a unique identification number known as an Aadhaar card. It is among the most crucial documents to...

A Charitable Trust is a legal entity established for charitable purposes, primarily aimed at providing public benefit or relief in...

One of the primary tasks that a taxpayer is expected to do is pay income tax, and the digital platform offered by the Income Tax...