by Sinewave Team | Aug 16, 2024 | Taxation
In India certain tax provisions are specifically designed to impose penal provisions on assessee for failure to comply with the mandatory laws. Section 271(1)(c) is one of such provisions which imposes penalty if a person fails to furnish accurate details of income or...
by Sinewave Team | Aug 15, 2024 | Taxation
Due date of filing income tax return for AY 2024-25 has elapsed and many taxpayers still wonder whether they can file the return after due date in case they have missed the filing deadline. Failure to meet the deadline for filing ITR can land you in some troubles such...
by Sinewave Team | Aug 14, 2024 | Taxation
Partnership is a form of Business venture where at least two or more people come together to carry out a common business activity. This is done with a view to make profits. Every member of such a partnership firm is called a partner. Partners of such firm are offered...
by Sinewave Team | Aug 13, 2024 | Taxation
It is a very well known fact that Income Tax Act provides certain deductions against the taxable incomes of a particular person in order to provide a relief from income tax liability. Section 57 of the Income Tax Act particularly deals with deductions with respect to...
by Sinewave Team | Aug 12, 2024 | Taxation
Linking PAN with Aadhar database is one of the most crucial compliances which government mandates every person to comply. For enabling smooth functioning of TDS or TCS provisions, it was mandatory that the PAN and aadhar linkage is completed. Previously, government...
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