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Receiving an Income Tax notice can be alarming for taxpayers. However, a notice from the Income Tax Department does not necessarily mean that a taxpayer has committed tax evasion or any wrongdoing. In ........ View More
Megha Malik
The Indian direct tax landscape is undergoing its most significant transformation in decades as the Income-tax Act, 2025, prepares to replace the veteran 1961 Act effective April 1, 2026. For individu ........ View More
CA Mohit Makkar
1. Introduction: The Death of Complexity For over six decades, the Income-tax Act, 1961 stood like a weathered banyan tree, its structure obscured by a dense thicket of tangled roots, endless provisos ........ View More
What is Income Tax? Income tax is a direct tax collected by the Government of India on income earned by individuals, businesses, and other entities during a financial year. It funds essential public ........ View More
Aastha Nautiyal
ITR 1 (also known as Sahaj) Applicable for – Individuals (Total Income less than Rs. 50 Lakhs) Eligibility – Income from Salary/ Pension Rental Income form 1 House Property Agricultural Income ........ View More