Any sum found credited in the books of the taxpayer, for which a taxpayer offers no explanation about the nature and source thereof or the tax authorities are not satisfied by the explanation offered by the taxpayer, is termed as cash credit. 

Deduction in respect of Amount paid for LIC, PF, Sukanya Samriddhi Account Scheme, NSC, Tuition fees, Pension Fund of LIC or other.

The domestic companies shall not be liable to pay DDT on dividend distributed to shareholders on or after 01-04-2020. So dividend are not taxable in hand of company.

Advance Tax Payment - Due Dates & Mode of Advance tax payment of a every person whose estimated tax liability for the year is Rs. 10,000 or more.

Benefits & Exemption for Individuals & HUFs under Income Tax for A.Y. 2022-23 – This article explain in brief the Provisions under Income Tax India related to Individual and HUF.(1) Tax Rates and Relief of Individual and HUF, (2) Income Exempt from Tax of Individual and HUF, (3) Deductions allowable from Taxable Income to Individual/ HUF, (4) Tax Deducted at Source and Advance Tax, (5) Exemption from return filing for Individual and HUF.

Income Tax Return 2021-22.(New Json Based offline utility). Step by Step Guide to use new JSON based ITR Offline utility for A.Y. 2021-22. This Offline Utility enabled to import and pre-fill the data from e-filing portal.[News and Updates]

Using the VC facility, an assessee is enabled to express or submit one’s response orally before an Income Tax Authority who has initiated the proceeding and expect the response from the user.[News and Updates]

Taking another step towards e-governance and encouraging participation of citizen as stakeholders in curbing tax evasion, the Central Board of Direct Taxes has launched an automated dedicated e-portal on the e-filing website of the Department to receive and process complaints of tax evasion, foreign undisclosed assets as well as complaints regarding benami properties.........[News and Updates]