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Navigating through notices from the Income Tax Department can be complex, but here's a simplified understanding of the types of notices.1. Intimation under Section 143(1): This notice informs you a...

​No, according to the Income Tax Laws you are not allowed to claim deduction of your personal and household expenses while calculating your income tax.​

Certainly, you can qualify for exemptions under both sections 54 and 54F even if you invest in a single residential property using proceeds from multiple properties.Provided-In case U/s 54, you're ...

​Yes, as per the Income-tax Act, 1961, foreign income and assets are generally taxable in India for residents. Non-residents are typically taxed on income earned or received in India. The taxation ...

House property means a building or a piece of land attached to a building. A building includes a shop, flat, house, bungalow, factory, or simple building, suitable for renting out or occupation.​

Certainly, our dedicated team of Chartered Accountants diligently works year-round to prepare and minimize your taxes. We ensure that our CA team consistently provides comprehensive assistance duri...

Section 17(3) of the Act defines the term "profits in lieu of salary." It includes any payments:  1. A sum of money received by an employee from his employer in place of or in addition to salary or...

​The rate of TDS (Tax Deducted at Source) for salary income in India is determined by the Income Tax Department and is based on the individual's income tax slab rate. The TDS rate varies based on t...

The Ministry of Finance is in charge of managing the government of India's revenue functions. The Finance Ministry has entrusted the task of administration of direct taxes like Income-tax, Wealth t...

No, animal husbandry income is not to be considered agricultural income under the Income Tax Act, 1961.Agricultural income, as defined in the Income Tax Act, includes income derived from land used ...