income-tax

Income Tax

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Income Tax

Budget Proposals for Homebuyers: Tax Benefits and Real Estate Relief

The budget proposes extending tax benefits for homebuyers, enhancing deductions on home loans, and increasing tolerance limits on stamp duty discrepancies.

Income Tax

Income Tax Raid Reveals ₹350 Crore in Unaccounted Funds in Delhi and Punjab

Income Tax Department's search in Delhi, Punjab, and West Bengal uncovers ₹350 crore in unaccounted funds and illicit financial activities.

Income Tax

Tax Audit Exemptions for Businesses Under 10 Crore: Key Insights

Clarify tax audit requirements for businesses with turnover under Rs. 10 Crore, detailing exemptions and filing deadlines under Sections 44AB and 44AD.

Income Tax

How to Handle and Respond to Income Tax Notices Effectively

Learn about income tax notices, common reasons for issuance, response steps, and authentication methods to ensure compliance and avoid penalties.

Income Tax

Types of Income Tax Notices and Letters for Individual Taxpayers

Understand the various types of notices, letters, and orders from the Income Tax Department for individual taxpayers to ensure compliance and assessment.

Income Tax

Understanding Income Tax Surcharge: New vs. Old Tax Regime Explained

Learn about income tax surcharges in the New vs. Old Tax Regime, including rates, thresholds, and key considerations.

Income Tax

Deposits in Co-operative Societies: Insights on Section 11(5) Compliance

Explore the eligibility of deposits in co-operative societies under Section 11(5) of the Income Tax Act, supported by judicial interpretations.

Income Tax

Income Tax Raid in Tamil Nadu: Seizure of ₹3.3 Crore Unaccounted Cash

The Income Tax Department's search in Tamil Nadu revealed ₹3.3 crore cash and over ₹300 crore unaccounted income linked to illegal operations.

Income Tax

Tax Exemption Details for Gujarat Water Supply and Sewerage Board: Notification No. 108/2024

Tax exemption for Gujarat Water Supply and Sewerage Board under Notification No. 108/2024. Income includes grants, water charges, pension contributions.