Simplified Laws Guide to Taxation and Legal Concern

This is a rudimentary question, but most frequently tossed to us by the taxpayers. Here is the answer to all such queries. What is Income Tax Return (ITR)? Income Tax Return (ITR) is a document wherein any person informs the Government about his total income during the previous year (1st …

Mr. Shah wins Rs.1 Crore in KBC TV Show; Anchor cuts the cheque or says the amount is instantly transferred to his bank account (to promote digital pay)! Mr. Rahim wins a Car through a lucky draw from a leading Appliances distributor; you see his pic with the car in …

Certain taxpayers have lost their life due to Covid-19. Employers and well-wishers of such taxpayers extended financial assistance to their family members so that they could cope with the difficulties faced due to the sudden loss of the earning member of their family. Here is a case – One of …