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₹70,000 Crore Restaurant Tax Evasion Detected: How AI-Driven Tax Audits Are Changing Compliance in India

19 Feb, 2026

India’s tax enforcement has entered a new era. In a large-scale data investigation, the Income Tax Department analysed billing software records of more than one lakh restaurants across the country. The results revealed widespread manipulation of digital billing — including deleted invoices, altered values and selective reporting — leading to an estimated ₹70,000 crore of […]

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Section 44AD vs 44ADA: Avoid Costly Tax Filing Mistakes

25 Aug, 2025

Many Indian taxpayers confuse Section 44AD vs 44ADA while filing returns. A simple error — like declaring professional income under Section 44AD instead of 44ADA — can trigger AI-based scrutiny, notices under Section 142(1), and penalties. This blog explains the difference, real-life consequences, and how to avoid such costly mistakes. Difference Between Section 44AD and […]

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Taxpayers get intimation for paying lower advance tax

09 Sep, 2023

Between April and August of this year, the Income Tax Department dispatched notifications to approximately 500,000 taxpayers regarding “zero” and “lower advance tax payments”, as revealed by an official familiar with the situation to Business Standard. These notifications were generated following an examination of “significant transaction” data from the preceding fiscal year and the initial […]

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Digital Signature Certificate (DSC)

26 Aug, 2023

What is a Digital Signature Certificate (DSC)? A Digital Signature Certificate (DSC) is an electronic file that binds a public key to an individual or organization. It is used to verify the identity of the signer and to ensure that the document has not been tampered with since it was signed. DSCs are used in […]

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Who pays income tax in India?

06 Mar, 2023

In India, income tax is paid by individuals, Hindu Undivided Families (HUFs), companies, firms, and other entities that earn income or profits. Individuals who are residents of India and have an income exceeding the basic exemption limit of Rs. 2.5 lakhs (Rs. 3 lakhs for senior citizens and Rs. 5 lakhs for super senior citizens) […]

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What is the tax rate on a balanced income in India?

06 Mar, 2023

Understanding the tax rates in India can be a daunting task, especially for those who are new to the country or have limited knowledge about the tax system. One question that often comes up is “what is the tax rate on a balanced income in India?” In this article, we will provide a comprehensive guide […]

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Understanding Income Tax Slabs and Rates for Assessment Year 2023-24

02 Mar, 2023

Introduction When it comes to personal finance, understanding income tax slabs and rates is crucial. In India, income tax is calculated based on the income tax slab rates for the respective financial year. The income tax slab rates are categorized based on different income ranges and tax rates. The income tax slab rates change every […]

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Understanding Direct Tax Collection for FY2022-23

23 Feb, 2023

According to the latest press release by the Income Tax Department, the Direct Tax Collection for FY2022-23 up to January 10, 2023, stands at INR 10.90 lakh crore. This is a significant increase from the previous year’s collection of INR 6.55 lakh crore for the same period. The increase in direct tax collections is primarily […]

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How can I reduce income tax in India?

17 Feb, 2023

There are several ways to reduce income tax in India, some of which are: It is important to note that you should consult a tax professional or financial advisor to determine the best tax-saving strategies for your specific situation, as the tax laws and regulations in India are subject to change.

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