Life is full of deadlines whether it’s preparing for exams, getting ready for events, or completing tasks at the office. Yet, procrastination often gets the better of us. The Income Tax Act offers valuable life lessons through its interest under Sections 234A, 234B, and 234C. Procrastination is the act of delaying tasks …

While interacting with people across the globe, I have noticed certain human elements in commercial transactions that I believe are worth sharing. Property Transactions – It usually starts on a very positive note: there’s a buyer and a seller. The entire process takes around two to three months to conclude. …

Here is something I have observed in both newspapers and public chat groups. Though these are two independent points, I am clubbing them together here. First Point: Stories in the Newspaper Every day, newspapers report on criminal or cheating cases, which I will classify below: Honey Trap: Here’s a headline: …

In the Indian context, families have traditionally avoided discussing death while one is alive, as it is considered a bad omen. However, in a changing society, death is no longer a hidden topic; post-COVID, it has come into the open, almost like it’s out in the field, dancing in the …

This Saturday, I got a call from a gentleman residing in Germany, telling me that he had received a notice from the German tax authorities, mentioning the rental income earned in India and asking why he had not paid the taxes in Germany. He wanted to know the way forward. …

By now, most of you would have filed your income tax return (ITR) in India. Typically, the bulk of the work involves compiling documents, processing them, and filing the return. However, the final, yet most crucial step is the e-verification of the returns. Remember, without completing e-verification within 30 days …

How is the budget? The corporate world says it’s great! Ask the middle class and they say both the rich and the poor are benefitted while they are left high and dry. Day traders and traders in Stocks are unhappy due to the increased tax rates.  Several amendments have been …

During every Income Tax Return filing season, I receive numerous calls from salaried employees asking if I can secure them a tax refund by showing false expenses. Some professionals, who work directly for foreign companies and are paid via payment apps, also engage in the deceitful practice of not declaring …

“How quickly she has grown! I still remember seeing her as an 8-month-old baby! She was not even one foot long, now I have to look up to talk to her! Time flies”. This is how the parents react when their child turns 18 years old, am I right?  (In …

The phrase money trail is scary! It is often associated with investigations into financial crimes. However, I am using the same phrase but not related to investigation or crime. It has to do with our financial transaction management. So, what exactly is a money trail in our context? It involves …