Author: Prashant Thakur

The law regarding representation under the Income Tax Act ( the Act ) for any person is provided under section 288, which provides that an “accountant “ specified in the said provision itself is allowed to represent an assessee in a tax proceeding. A Chartered Accountant who holds a certificate of practice is considered an […]

Confused about the Deferred Tax Asset Meaning and want to know its impact on total income under the Income Tax Act? Well ,  in corporate taxation, one of the most technical yet misunderstood areas is the concept of Deferred Tax Asset (DTA) and Deferred Tax Liability (DTL). Though these are accounting adjustments and not “taxable […]

section 80c deductions complete guide India is important. The section 80c deductions complete guide India serves as your roadmap to maximizing tax savin…

amalgamation vs merger tax implications India is important. The amalgamation vs merger tax implications India present complex challenges for businesses …

Search seizure operations taxpayer rights India have become increasingly critical as the Income Tax Department intensifies enforcement activities to com…

Section 56 gift tax rules India present complex compliance challenges for taxpayers receiving monetary gifts or property transfers.

Section 54 capital gains exemption property provisions under the Income Tax Act represent one of the most significant tax-saving opportunities for prope…

Section 115BAC new tax regime comparison has become a critical decision point for taxpayers since the introduction of the optional tax structure under t…

section 194Q TDS purchase goods rules is important. The section 194Q TDS purchase goods rules represent one of the most significant changes in India’s t…