Taxability of Share Buybacks in India A share buyback is a process where a company buys back its own shares…
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How DTAA Helps NRIs Reduce Tax Liability in India For Non-Resident Indians (NRIs), income earned in India—such as dividend income,…
NRIs Interest Income Taxability in India Under Indian tax law, an NRI is taxed only on income that is earned…
Reasons for Delay in Income Tax Refunds Timely processing of income tax refunds is important for every taxpayer. However, many…
Dividend Income Taxability for NRIs in India: Key Scenarios and Recent Changes India’s Income Tax Act defines specific rules for…
Taxability of Compensation Received in the Delhi Bomb Blast Case The Incident – Delhi Red Fort Car Blast The recent…
8th Pay Commission What is the 8th Pay Commission? The 8th Central Pay Commission (8th CPC) is a government-appointed body…
Section 80GGC: Overview Section 80GGC of the Income Tax Act, 1961 allows individuals to claim a deduction for contributions made to…
Who is Considered an NRI According to the Income Tax Act? The term Non-Resident Indian (NRI) under the Income Tax Act, 1961…
NRI Rental Income Taxability in India Rental income earned from property located in India is taxable in India under the head…
NRIs Selling Property in India When Non-Resident Indians (NRIs) decide to sell property located in India, they face a range…
A notice under Section 143(1) is an intimation sent after processing your ITR. It highlights any discrepancies, refunds, or additional tax payable based on a comparison between your return and the department's data. It’s not a scrutiny notice but a routine check.
A notice under Section 148 is issued when the Income Tax Department believes that income has escaped assessment. It allows the department to reopen past assessments to tax unreported or underreported income.
A notice under Section 139(9) of the Income Tax Act, 1961 is issued by the Income Tax Department when your filed Income Tax Return (ITR) is found to be “defective”.
A Notice under Section 131 of the Income Tax Act, 1961 is issued when the Income Tax Department wants to investigate or gather evidence in connection with an ongoing assessment or inquiry.