Gift Taxation in India: A New Tax Concept
Imagine this: It’s your birthday, and your favorite uncle hands you a big envelope of cash. You’re over the moon, but then a...
Undisclosed Income or Expenditure Under the Income‑tax Act – Know the Rules & Penalties
Finding money or spending that you can’t explain in your tax returns can land you in serious trouble. In India, the...
Income Tax Audit Forms Now Live on e‑Filing Portal (As of July 17, 2025) & ITR‑2 Now Enabled for Online Filing with Prefilled Data
The Income Tax Department has officially enabled Forms 3CA‑3CD and 3CB‑3CD on the e‑Filing portal, reflecting the updates...