Income Tax Articles, Tips, Information, Review & Benefits

Representative Assessee The term assessee is defined under section 2(7) of the Income Tax Act of 1961. Assessee refers to a person or a ... read more

Income Tax Basic for Beginners Every citizen residing in India or abroad must learn the income tax basics to file and save on taxes. An ... read more

Business Tax Returns Business tax returns can also be called income or corporate tax returns. The return consists of a statement of inco... read more

ITR-U – What is ITR-U Form and How to File ITR-U? ITR U is an income tax form utilized by the assessee to update his/her income tax ret... read more

Section 234F of Income Tax Act Section 234F of the Income Tax Act of 1961 states the penalty for late filing of the income tax return. ... read more

What is Input Tax Credit (ITC)? Input Tax Credit (ITC) is the heart and soul of GST. It is because it protects the interest of the manufa... read more

Income Tax for Business Every business is mandated to file income tax returns levied by the government of India or as defined in the Inc... read more

Profit After Tax Taxes are crucial for every business. It is why, the government of India introduced the concept of Profit After Tax (PA... read more

Profit Before Tax Profit before Tax (PBT) is one of the crucial attributes to measure the financial stability of a firm or company. It i... read more

Form 10A of the Income Tax Act The charitable and religious trusts, educational institutions, and hospitals in India need to obtain cert... read more