How to rectify mistakes in your ITR using Section 154 of the Income Tax Act. Covers eligible errors, time limit for filing rectification, online filing process, and what happens after submission.
How to draft an effective income tax notice reply to avoid penalties. Covers reply format for Section 142(1), 143(2), and 148 notices, key points to include, and submission process on the IT portal.
Section 133(6) of the Income Tax Act explained. Covers the department's power to call for information from banks, third parties, and taxpayers, compliance obligations, and consequences of non-response.
Section 144B of the Income Tax Act explained. Covers the faceless assessment scheme, how cases are assigned, show cause notices, draft orders, and taxpayer rights under the faceless assessment framework.
What is Form 15CB? Complete guide to the CA certificate required for foreign remittances. Covers when it is mandatory, how a CA issues it, applicable TDS sections, and how it works with Form 15CA.
Complete guide to Form 15CA filing for overseas remittances from India. Covers Parts A, B, C, and D, when each part applies, step-by-step filing on the IT portal, and TDS compliance for foreign payments.
Complete guide to TCS on foreign remittance under India's Liberalised Remittance Scheme. Covers applicable TCS rates, threshold limits, which remittances are exempt, and how to claim TCS credit in your ITR.
Tax on forex trading in India explained. Covers whether forex income is business income or capital gains, applicable tax rates, ITR form selection, GST on forex transactions, and filing tips for traders.
New TDS rules for senior citizens in India from April 2025. Covers revised TDS exemption limits on interest income, Section 194P, Form 15H, and tax-saving strategies for senior and super-senior citizens.
Partnership firm audit limits under the LLP Act, Income Tax Act, and GST law in India. Covers turnover thresholds triggering mandatory audit, applicable sections, and compliance requirements for partners.
