Making an investment in commercial property is a significant financial step. To fully maximize returns, it's imperative to grasp the tax consequences involved. Below, we break down the essential aspects of how rental earnings from commercial properties are treated under tax regulations, with real-life examples for clarity. What is Rental Income fr… Read More

Introduction When stepping into India’s IT and software export landscape, it becomes vital to grasp the difference between Software Technology Parks of India (STPI) and Non-STPI registrations. Each serves different business models, providing distinct advantages and compliance obligations. This piece sheds light on these disparities, helping you … Read More

The Income Tax Department offers an online grievance redressal system called e-Nivaran. This platform enables taxpayers to resolve issues related to tax filing, refunds, and other tax matters. Through e-Nivaran, you can easily file a complaint and monitor the status of your grievance. Ways to File a Grievance There are two ways to submit a gr… Read More

Income Tax Returns (ITR): Everything You Need to Know Income Tax Return (ITR) is a form that individuals and businesses use to report their income and the taxes they owe to the Income Tax Department. According to the Income Tax Act and Income Tax Rules of India, every citizen is required to file their returns at the end of the financial year. The … Read More

When a loved one passes away, their legal heir or representative takes on the responsibility of filing their income tax return for the income earned until their death. While this process may seem overwhelming, it can be managed by following the right steps and understanding the necessary information. Understanding Legal Heirs A legal heir is so… Read More