ITAX
How to Register Legal Representative Assessee in Income Tax Portal
The legal representative has to register on the Income Tax website as a legal heir. Registration as legal heir is mandatory for e-filing of return on behalf of the...
ITAX
Do you have to report cryptocurrency investments as foreign assets on your in ITR?
If you have investment in Cryptocurrency, then this Could Be the Most Important Article For You.
Most Experts agree that profit or loss in digital...
ITAX
Cost Inflation Index
In the long run the cost of materials rises, leading to a decline in the purchasing power of cash.
If one unit of a...
ITAX
Your e-filing account has been locked
Your account gets locked for multiple unsuccessful attempts. Income Tax Department is unlocking the accounts from time to time. You will receive a popup...
ITAX
What is not included in the definition of Capital Asset?
While computing Income under the head Income from capital gains, the main thing to comprehend is the meaning of a capital Assets. Be that...
ITAX
What is Income tax Return
Income Tax Return (ITR) is a form. Every year Government notify Income Tax Return through notification. Tax supposed to calculated by the aseesee, therefore,...
ITAX
TDS on PURCHASE of GOOD
194Q. Deduction of tax at source on payment of certain sum for purchase of goods.
Any person, being a buyer who is responsible for paying...
ITAX
How to Deposit Advance Tax
How to Deposit Advance Tax
The procedure to deposit advance tax is similar to income tax. Advance tax is itself a income tax. We call...
ITAX
Income from Other Sources
Income from Other Sources
(Section 56 to 59)
Introduction: - Any income not taxable under the head salary, House Property, Income from Business /Profession, capital Gain,...
ITAX
Summon U/s 131 of Income Tax AcT
Section 131 of the Income Tax Act empowers the income tax authorities to conduct inquiries. It provides powers to summon persons / witnesses, examine...