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Defective Income Tax Return and its reasons

Defective Income Tax Return:Filing of Income Tax Return every year is the compliance every person must undertake if he falls within the specified category of Income Tax. In India, every person who is liable to file Income Tax Return faces the challenge of correctly...

Form 3CEB and recent amendments as per notification

Form 3CEB and recent amendments as per notificationWhat is Form 3CEB?Form 3CEB is a document required under Indian tax laws. It is a report that needs to be furnished by certain specified persons such as auditors, accountants, or any other person as may be notified by...

What is surcharge and who is liable to pay the same

Earning higher income is the dream of almost every single Individual. Money is what drives an individual to perform at his optimum potential. However, in India, if you belong to higher income category then you may have to pay additional tax in the form of surcharge....

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