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Income Tax & GST WhatsApp Group/Telegram Channel: Join Now

In today's world, informational reach is very easy. As we are an e-Library for Indian tax laws and providing all types of updates including...

Interest u/s 201(1a) of Income Tax Act, 1961

A person is liable to pay interest for various delays/defaults & one of them is Interest u/s 201(1a) of Income Tax Act, 1961 for...

What is the due date to file ITR & Income Tax Audit for AY 2020-21?

Synopsis: As a part of Covid-19 relaxation in compliances, Due date to file ITR- Income Tax Return is extended to 31th December 2020 for...

Indian Economy: Journey From 2016 to 2019

If blood is money for the Indian economy, the public sector banks make and distribute this blood throughout the system. We are going to...

Taxability of the EIDL: How to account for PPP and EIDL on your books

I'm going to be talking about the taxability of the EIDL and treatment of the PPP and the EIDL in terms of taxes, and...

How tax free countries earn? : Countries with no Income Tax

Many of you know about tax free counties which is also called tax haven counties. You might think about how tax free countries earn...

ITR-1 for AY 2020-21: ITR filing for salaried employees- Detailed Guide

As you know that ITR-1 for AY 2020-21 (Financial year 2019-20) has arrived on the income tax efiling portal. ITR-1 is used for Salaried...

Methods to relieve double taxation: Introduction to the unilateral relief

In this article, we have covered the ways in which usually countries provide for double taxation relief. Actually, we will see what is called...

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