Income Tax Notice for High-Value Transactions – What It Means
Received a notice for high-value transactions? Understand why the tax department notices you, common mistakes, a practical 5-step response plan, and how Finstor
Received a notice for high-value transactions? Understand why the tax department notices you, common mistakes, a practical 5-step response plan, and how Finstor
Avoid AIS vs ITR mismatches: common causes, quick fixes and a practical checklist for salaried professionals, founders and MSMEs filing income tax in India.
Received a Section 142(1) notice? Learn the documents to gather, common mistakes to avoid, and a step-by-step checklist to respond quickly and correctly.
Received a Section 143(2) scrutiny notice? Practical, step-by-step guidance for salaried taxpayers, founders and finance heads to respond, reconcile and reduce
Step-by-step, India-focused guide for salaried taxpayers, founders and finance teams on responding to Section 148 reassessment notices—practical checklist and n
Get practical, India-specific guidance on responding to a Section 131 summons—what you can (and should) do, checklist, risks and next steps for CFOs, founders a
Received an income tax notice for AIS/26AS mismatch? Practical, India-specific steps for salaried taxpayers, founders and finance teams to resolve TDS/TCS misma
Practical, step-by-step guidance for salaried taxpayers, founders and finance teams to handle Section 143(1) notices — reconcile AIS/26AS, fix TDS/TCS mismatche
When individuals sell personal assets like a car, questions often arise about whether any income tax liability is triggered. This article clarifies the income tax treatment of proceeds from the sale of a motor vehicle under Indian law. 1. Sale of Personal Vehicle by an Individual Under Section 2(14) of the Income Tax Act, 1961,…