New introduced Income Tax scrutiny criteria

Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2020-21 —conduct of assessment proceedings in such cases – regarding. – Cases pertaining to survey u/s 133A …

Read More

How to select right ITR Form

Income Tax Return (ITR) is a form in which the taxpayers file information about his income earned and tax applicable to the income tax department. The department has notified 7 …

Read More

Cost Inflation Index

The price of a product increase overtime, and this brings down the purchasing power of money. Say, if 5 items can be bought for Rs. 500 today, tomorrow you may …

Read More

Capital gain and types of capital gain

The tax that is levied on capital gains is termed as capital gain tax. Such taxes are levied when an asset is transferred between owners. Though all capital gains are …

Read More

What is HUF?

HUF means Hindu Undivided Family. You can save taxes by creating a family unit and pooling in assets to form a HUF. HUF is taxed separately from its members. A …

Read More

What is Conveyance allowance in Salary Slip?

Conveyance allowance, also known as transport allowance, is a kind of allowance offered by employers to their employees to compensate for their travel expense to and from their residence and …

Read More