CBDT Rolls Out e-Dispute Resolution Scheme CBDT Rolls Out e-Dispute Resolution Scheme The Central Board of Direct Taxes (CBDT) has launched the e-Dispute Resolution Scheme (e-DRS), 2022, aimed at simplifying the process of resolving tax disputes and reducing litigation. With the rollout of Dispute Resolution Committees (DRCs) across the country, this new initiative provides taxpayers … Read more
Overview of the Direct Tax Vivad Se Vishwas Overview of the Direct Tax Vivad Se Vishwas The Indian government continues to make strides in simplifying tax administration and resolving long-standing disputes between taxpayers and the authorities. In line with this objective, the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, announced in the Union Budget … Read more
Gift Deed and Income Tax Gift Deed and Income Tax A gift deed is a legal document used to transfer ownership of property or money from one person (donor) to another (donee) without any monetary consideration. While gifting property or other assets may seem straightforward, there are legal and tax implications you need to be … Read more
Understanding Section 271H of the Income Tax Act Understanding Section 271H of the Income Tax Act When it comes to filing Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) returns, the Indian Income Tax Act lays out stringent compliance rules. Failing to meet the deadlines or making errors in submission can result … Read more
Understanding the Consequences of Delayed E Verification and Tax Demands Understanding the Consequences of Delayed E Verification and Tax Demands Income Tax Return (ITR) filing is a crucial process for every taxpayer in India, but it’s only considered complete when the e-verification step is successfully done. If you’ve filed your ITR but haven’t verified it … Read more
