Tax

TDS is an important tax collection mechanism that ensures compliance and reduces tax evasion. Read More

Form 16 is the most common financial document that most of you will require while filing your income...Read More

A direct tax is where the impact and the incidence fall under the same category. The Central Board of Direct Taxes (CBDT) oversees direct taxes in...Read More

One of the major sources of income for the government is the tax collected from its citizens. Taxes are an interim...Read More

The professional tax definition applies to those earning through a consistent traditional medium or source. People often confuse professional tax and assume...Read More

The repo rate is the RBI's lending rate to banks, influencing inflation, loans, and savings. Learn its meaning, importance, and impact on India's economy.Read More

Reverse Repo Rates refer to the short-term borrowing rates at which banking institutions lend the Reserve Bank of India...Read More

Fiscal deficit might sound like a dull economic term, but it’s like a backstage lever pulling strings in the stock market. Keeping an eye...Read More

Taxes are either direct or indirect. Direct taxes are applicable on income including salary, profits, or interest from a...Read More

Investments are one of the most influential factors in financial planning and ensuring adequate...Read More

Taxpayers often employ techniques to reduce their tax liability to the Government. To prevent this practice, the Government must monitor such methods by implementing lega...Read More

While checking the refund status, numerous types of messages can be displayed on the screen. You must know all these to decode them correctly and gain the relevant inform...Read More

Section 194J of Income Tax Act is a section regarding TDS deduction for payments made to professionals and technical service providers....Read More

26QB TDS return meaning is simple; it is a form used by buyers to file tax deducted at source (TDS) returns for the sale of a property....Read More

The Section 80EE income tax deduction is a great way for taxpayers to save money. This section of the Income Tax Act allows individuals who have taken a home loan to get ...Read More

Section 80G not only encourages philanthropy but also allows taxpayers to enjoy financial benefits. Planning your donations...Read More

In conclusion, deferred tax is an essential concept that reflects the differences between book income and taxable income. These differences...Read More

Financial Year (FY) is an important concept in India. It defines the period a business or organization reports its financial results....Read More

According to the Income Tax Act 1961, all Indian citizens need to pay taxes when their annual income is higher than the tax-exempt limit...Read More

Filing your income tax return is much easier with Form 26AS, which contains a comprehensive overview of all taxes paid over any specified period...Read More

In India, income tax refers to the tax obligation on the income earned by business entities and individuals. The government adopts an effective “Income Tax slab” system t...Read More

Section 80TTA is one of those tax provisions that quietly benefits millions of Indians each year. It’s straightforward, easy to claim...Read More

The short-term capital gains tax on shares is not subject to any specific tax exemptions. However, certain income levels ...Read More

When considering the difference between the old and new tax regimes, understanding the structure and the eligible exemptions is crucial ...Read More

Gross salary is the total earnings of individuals before deducting any voluntary or mandatory deduction. ...Read More

As a source of income, it is subject to TDS (Tax Deducted at Source) under Section 194H of the Income Tax Act in India....Read More

People often say, “I've barely got any money left by the 15th of the month.” Consequently, they struggle to cover their necessary expenses... Read More

Section 194C mandates TDS on payments to contractors and subcontractors. It covers rates, exemptions, and compliance rules, ensuring tax collection at the source and redu...Read More

TDS in Section 194n discourages cash transactions and promotes digital payments by mandating tax deductions at source...Read More

The 80GG deduction of the Indian Income Tax Act provides relief to individuals who do not receive House Rent Allowance (HRA) from their employer and pay rent for their ac...Read More

To claim the deduction under Section 80U, an individual must submit the medical certificate specifying the disability ...Read More

The Indian government has defined various sections to categorise income and earnings for better transparency while calculating the...Read More

Individuals and Hindu Undivided Families (HUF) can claim a deduction under section 80DDB. Additionally, the individual or HUF must be a resident Indian...Read More

Companies require employees to travel to the office daily or for various business-related work. However, as the expenses incurred on travelling are not personal but for t...Read More

Income tax is a crucial aspect of the financial world, and taxpayers must comply with their countries' tax laws...Read More

People in India are eligible for income tax refunds for paying more than the required amount. If you face any issues with tax refunds...Read More

For individuals, financial year and assessment year might seem like two terms that describe the same period; however, they are not the same. Financial Year is 12 months u...Read More

Prior to the implementation of GST, mobile phones were subject to a variety of different taxes. This included luxury taxes...Read More

GSTR 2A meaning is simple. It is a taxpayer's auto-populated 'purchase register,' reflecting all details of Inward Supplies made to them by the supplier. The acronym GSTR...Read More

GSTR 2B meaning inlcudes that it is an auto-generated document that contains details of all the inward supplies received from registered vendors. It includes...Read More

Self Assessment Tax meaning is the tax individuals and businesses must pay on their income. It is a type of direct taxation, which means ...Read More

Section 12A provides taxpayers with several benefits. Taxpayers can avail of deductions and exemptions that can significantly reduce their tax burden...Read More

Knowing about the Goods and services tax on cars is very important while purchasing a car. Because without this knowledge...Read More

Leave Travel Allowance (LTA) is an excellent benefit for employees, providing an opportunity to save on taxes while enjoying a holiday...Read More

The GST Council periodically revises these rates to ensure that they align with the changing economic needs of the country. The...Read More

The implementation of GST on gold has brought about notable changes in the gold industry. With varying GST rates...Read More

Tax is a mandatory financial charge or fee imposed by a government on individuals, businesses, or other entities to generate revenue. This revenue is used to fund public ...Read More

Section 80CCD is a provision in the Indian Income Tax Act that provides tax benefits to individuals who contribute towards the National Pension System (NPS)...Read More

The Memorandum of Association (MoA) is a legal document that plays a vital role in the formation of a company...Read More

In India, there are two categories of taxes – direct and indirect. The government levies direct taxes on the income earned, whereas purchasing and selling goods and servi...Read More

Introduced in the Union Budget of 2020, Section 115 BAC of the Income Tax Act has been the talk of the town among taxpayers in India. The section pertains to the new opti...Read More

Understand Section 185 of the Companies Act – rules, exemptions, penalties & impact on small businesses in simple terms.Read More

Section 186 of the Companies Act 2013 lays down the regulations regarding investments and loans made by a company. According to the Act, a company can make investments th...Read More

Long-Term Capital Gains (LTCG) tax on property is an important aspect of real estate transactions in India.Read More

Now, the standard deduction under 16 ia means a tax deduction of Rs 50,000 in place of the medical and transport allowance. The standard deduction does not require the ta...Read More

Cess on Income Tax is an additional tax levied on the regular income tax payable by taxpayers in India. The government levies cess to raise education,...Read More

The taxation system of a country forms the strongest pillar of its economy. Thus, it is necessary to ensure a robust, simple, and citizen-friendly tax framework exists in...Read More

If you are a customer or a business owner running a food business, it is important to understand what is GST on restaurants...Read More

Section 194I mandates the deduction of tax at source on rental payments by the person responsible for paying rent to a resident (not being an individual or HUF)....Read More

A number of provisions in the Income Tax Act of 1961 allow taxpayers to lower their taxable income by claiming tax credits and deductions... Read More

Tax Saving FD is a kind of investment choice that let customers deposit funds and receive a greater interest rate than conventional...Read More

There is a common misunderstanding among people that the income earned through freelancing work is not subject to taxation. However, it is important to note that freelanc...Read More

An income tax rebate is a type of refund that individuals may receive from the Income Tax Department if they have paid more taxes than ... Read More

Compliance guidelines regarding the new system of GST set forth a sense of discipline among the citizens of India. It mandates each business to comply with the various GS...Read More

Invoicing under Goods and Services Tax (GST) is crucial to the GST compliance process. A GST invoice is a bill issued by the supplier to the recipient that specifies the ...Read More

A taxpayer should follow elaborate steps while applying for the GST refund process. They must submit documents & declarations to GST authorities and claim the refund...Read More

Direct taxes and indirect taxes are two types of taxes that are imposed by the government.Direct taxes are taxes that are paid directly by individuals or organisations to...Read More

There are numerous factors involved in the Indian tax system, the Income Tax Act of 1961 defines these factors through various terminology. Two of the most common terms u...Read More

As soon as the financial year ends, you may hear conversations revolving around the ITR filing last date or people wanting an income tax due date extension latest news. H...Read More

he provision of taxable income, deductions, exemptions and tax rates for NRIs varies compared to resident individuals. Typically, income earned...Read More

TRACES (TDS Reconciliation Analysis and Correction Enabling System) is an online portal of the Income Tax Department, India...Read More

TAN refers to the Tax Deduction and Collection Account Number. The Income Tax Department issue a unique 10-digit alphanumeric number to entities that are required to dedu...Read More

The Dearness Allowance is compensation for inflation-related increases in the prices of goods and services. It is a component of the salary paid in addition to the basic ...Read More

The Indian government has set numerous mechanisms for Indian citizens and other legal entities to collect and deposit tax through various means. One such means is the tax...Read More

The Full form of IGST is Integrated Goods and Services Tax, a tax levied on India's inter-state supply of goods and services. It...Read More

The Payment of Gratuity Act, 1972 ensures financial benefits for employees after long service. It mandates gratuity payment on retirement, resignation, or death, with a ₹...Read More

Patta Chitta, also known as Land Records, is an important document for those who own land in Tamil Nadu. It provides evidence of ownership ... Read More

GST on cement refers to the tax imposed on cement products under the Goods and Services Tax (GST) regime in India....Read More

Section 80EEA is a valuable tax-saving benefit for first-time homebuyers, providing an additional deduction of up to ₹1.5 lakh on home loan interest payments.Read More

Residential status under the Income Tax Act determines tax liability based on an individual’s stay in India, classifying them as ROR, RNOR, or NR, impacting taxation, DTA...Read More

Tax evasion is an illegal act applicable to nonpayment or underpayment of taxes. According to the tax evasion definition, This act is all about hiding the income ... Read More

Central Goods and Services Tax is the tax imposed on the provision of goods and services in India, focusing on where they are consumed....Read More

Excise duty refers to the taxes imposed on domestically produced items when compared to custom dusty, which is imposed on imported goods...Read More

Tax evasion is a fraudulent approach to avoid paying the taxes that you are required to. It is an act of deceit when you understate your income or overstate the sum of yo...Read More

The full form of GAAR is the General Anti-Avoidance Rule. It is the anti-tax avoidance law in a country like India. It first appeared in existence on April 1 2017...Read More

If you are wondering ‘what is reverse charge under GST’, we have some quick answers for you. Reverse Charge under GST is a mechanism where the recipient is liable to pay...Read More

Depreciation as per Income Tax Act is defined as the decrease in the value of an asset due to its usage, wear and tear,...Read More

Corporate tax in India is levied by the Income Tax Department on both foreign and domestic companies. With the enactment of the Income Tax Act 1961,...Read More

GST Return Late Fees and Interest are charged when a business entity fails to file its GST returns on time. The article thoroughly covers all recent developments regardin...Read More

Highest currencies in the world are a topic that often garners attention among economists and investors. However, one aspect that is... Read More

In 2021, the excise duty on petrol and diesel was Rs 27.90 and Rs 21.80 per liter. In May 2022, the central government...Read More

A 15H form is a self-declaration form that is submitted by resident individuals above the age of 60 having no taxable income....Read More

All law-abiding citizens of India are required to file their income tax to get returns and for income sources declaration to the income tax...Read More

Payroll taxes are taxes employees, and employers pay on wages, salaries, and tips. When employees ...Read More

State Goods and Service Tax, or SGST, is a component of the Goods and Service Tax system in India, alongside CGST and IGST. ...Read More

Input Tax Credit or ITC, is a tax a business pays on its purchases and is later used to offset its tax liability when it makes a sale ...Read More

Wealth tax definition is a levy on an individual's or household's net wealth. It includes assets like real estate, investments...Read More

If you have been uninformed about what is Form 3Cd, here is what you need to know. The taxation audit Form 3CD is a comprehensive...Read More

Form 10BA of Income Tax Act is a particular form that is used in India for tax purposes and is a declaration that is necessary to be furnished by a taxpayer...Read More

Salaried individuals may be required to pay their tax on the entire amount received when they receive salary payments in...Read More

Form 10F is a statement verifying an individual or entity's qualification to seek tax advantages...Read More

Form 15CA is a vital document for ensuring tax compliance in cross-border payments from India. It plays a key role in tracking foreign remittances...Read More

Form 15CB income tax plays a vital role in the payment process to non-residents or foreign ...Read More

Many individuals experience anxiety when dealing with matters related to their income tax. A lack of sufficient knowledge...Read More

Form 49B, following Section 203A of the Income Tax Act, 1961, serves as the application form for obtaining a Tax Deduction...Read More

To monitor high-worth transactions conducted by taxpayers, the Income Tax Act introduced a fresh concept called...Read More

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Non-tax revenue is a crucial part of India’s government earnings, helping fund public services, infrastructure, and welfare schemes without increasing taxes. Read More

Tax to GDP ratio is the size of the tax revenue given by the government. A high tax-to-GDP ratio suggests a larger fiscal ability. Read More

Marginal tax rates determine how much tax you pay on any additional income you earn.Read More

Tax Avoidance is the legal procedure to reduce the income tax amount that a business or individual owns.Read More

Withholding tax refers to an obligation wherein a payer must withhold tax when payments are made for commission, rent, professional services, salary, etc.Read More

Making the link between your Aadhaar card and income tax returns mandatory not only streamlines the tax filing process but also strengthens the government's efforts to pr...Read More

Financial stress is not the only negative impact of debt. A big chunk of each paycheck going towards paying off debt can also make daily life less fun.Read More

Consumption tax in India, primarily in the form of GST, plays a significant role in revenue generation. While it simplifies taxation and encourages savings...Read More

By minimizing their taxable income, individuals and corporations can reduce the amount of tax they owe the government.Read More

India’s progressive tax system ensures fair taxation by charging higher-income individuals and businesses more while reducing the tax burden on lower-income groups.Read More

It is a great strategy to improve your post-tax profits on investment. Tax-loss investing can enhance wealth generation even if it works in an indirect manner, particular...Read More

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Understanding eligibility for GST is crucial which includes meeting turnover thresholds, possessing a valid PAN Card and engaging in taxable supplies of goods and service...Read More

Understand what GSTIN is, its format, registration process, verification steps, and key benefits for businesses under India's GST system.Read More

Learn the difference between Interstate (IGST) and Intrastate (CGST+SGST) GST. Understand tax rules, ITC usage, and compliance for businesses under GST.Read More

This article provides a comprehensive coverage of TDS under GST along with an exploration and thorough understanding of related topics.Read More

An income tax slab for women refers to the range of income where a predetermined tax rate is applied. In India, women share the same tax slab as men, without any separate...Read More

In this blog, we'll outline four straightforward yet impactful strategies to efficiently complete your tax planning while avoiding costly pitfalls.Read More

Owning a home is a dream for many. However, buying a house puts a lot of financial pressure on many individuals. The government aids this by offering tax benefits under t...Read More

Home loans serve various purposes beyond purchasing a house, including renovation, land acquisition, or construction. While some loans provide tax rebates, others offer e...Read More

This article explores tax-saving alternatives beyond Section 80C, aiming to maximize savings and minimize tax liability. Explore these strategies to make informed decisio...Read More

Filing your ITR isn't as difficult as it seems. You just need to understand the process, tax provisions, benefits, and gather essential documents. Not knowing how to clas...Read More

If you're a freelancer unsure about taxes, this article is for you. Just like anyone earning income, freelancers must pay taxes and file returns as per the IT Act. The pr...Read More

If your gross total income falls below the basic exemption limit, filing an income tax return (ITR) isn't mandatory. The exemption limit varies based on the chosen tax re...Read More

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GST, or Goods and Services Tax, is a unified tax applied in India on the sale of goods and services, from the initial manufacturing stage all the way to final consumption...Read More

Imagine less paperwork and a break on taxes, sounds like a relief, right? Well, that's exactly what the GST composition plan offers, especially for the little guys in the...Read More

The Ministry of Finance mandates businesses with a turnover exceeding Rs 5 crore to include a six-digit HSN or tariff code on taxable goods and services invoices from Apr...Read More

Understanding taxes is essential. There are two main types: direct and indirect. Direct taxes, like income tax, are taken from your earnings. Read More

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Visit the GST portal and click the link 'New Registration' given under the registration tab. Fill up basic details in Part-A of the application form and verify the filled...Read More

Goods and Services Tax, so before we learn which taxes have been replaced by the GST, we should first understand the Indian taxation system, which is divided into two par...Read More

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Income tax exemptions are an effective way for salaried employees to reduce their tax burden. By leveraging allowances like HRA, LTA...Read More

If you have any income that doesn't fit into the categories we've talked about it gets reported as income from other sources.Read More

The tax base is the total income, assets, or transactions subject to tax. A broader base boosts revenue, reduces tax rates, and ensures better services and economic stabi...Read More

Running a business isn't easy. Entrepreneurs work hard to control expenses for long term success. It's frustrating when they have to pay a chunk of their hard earned mone...Read More

A freelancer is someone who works for themselves offering services to different clients instead of being employed by one company. Read More

Getting your first paycheck is a thrilling moment. You might have already planned out how much money you'll take home and are eager to put those numbers into your budget.Read More

By understanding key provisions like gold loan tax benefits in India, income tax rebates on gold loans, and how to claim tax benefits on a gold loan, borrowers can optimi...Read More

Investing in mutual funds is a popular way for Indians to grow their wealth. However, it's essential to understand how mutual fund income is taxed and how to disclose it ...Read More

Filing income tax returns (ITR) for futures and options (F&O) trading is crucial for traders to comply with tax regulations and ensure accurate reporting of their income....Read More

Amidst the chaos of the COVID-19 pandemic, everyday people found themselves drawn to the derivatives market like never before. Read More

Downloading your Income Tax Return (ITR) copy online is a quick and straightforward process through the Income Tax e-Filing portal...Read More

These days, many taxpayers in India handle their income tax returns (ITR) online through a method called self-assessment. For the Assessment Year (AY) 2023-24, a whopping...Read More

Any Indian individual or company that distributes goods or services anywhere in nation & has annual aggregate turnover of more than Rs40 lakhs is needed to register for G...Read More

Goods & Services Tax has been game-changer in India's tax landscape since its implementation on July 1, 2017. Read More

GST payments can be made both online & offline. Businesses must calculate amount of cash tax required after deducting input tax credit. Read More

Understanding taxability also entails understanding whether or not item is excluded from GST. scope of taxable supplies has been expanded under GST, & GST exclusions have...Read More

Goods & Services Tax (GST) in India has brought about significant changes in country's taxation landscape. One such change pertains to concept of 'Supply without consider...Read More

When you receive your salary from your employer they deduct a portion of it as tax as TDS on salary, regulated by Section 192 of the Income Tax Act. Read More

Section 192A of the Income Tax Act deals with TDS on premature withdrawal from the Employee Provident Fund or EPF. Learn more about Section 192A in detail at 5paisa.Read More

Section 194D of the Income Tax Act requires insurance agents commissions to have tax deducted at the source. This ensures timely tax payment.Read More

Section 1941A of the Income Tax Act 1961, is important for property deals especially regarding Tax Deducted at Source or TDS on selling immovable property in India.Read More

Section 194IB of the Income Tax Act pertains to tax deducted at source or TDS on rental payments. Initially aimed at joint development agreements in...Read More

Understanding the intricacies of tax regulations can be daunting, especially for tenants navigating the process of Tax Deducted at Source (TDS) on rent payments in India....Read More

Understanding the intricacies of tax regulations can be overwhelming, especially for tenants navigating the process of Tax Deducted at Source (TDS) on rent payments...Read More

The Income Tax Act of 1961 lays the groundwork for taxation rules and regulations in India...Read More

The Income Tax Act of India offers various deductions that empower you, the taxpayer, to significantly lessen...Read More

Section 194LA of the Income Tax Act delves into the realms of Tax Deducted at Source (TDS) ...Read More

Form 16A is essential tool that makes it easier for taxpayers to calculate & pay appropriate taxes. Taxpayers...Read More

Form 16B is an important document for property transactions in India, ensuring tax compliance under Section 194IA of the Income Tax Act.Read More

Indian Taxation Code stipulates that before any money is deposited to individual's or organization's account, they must pay certain...Read More

2019 Union Budget includes number of proposed changes as well as introduction of new section, Section 194M...Read More

Form 27A is like a report card that your employer fills out...Read More

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The primary purpose of Form 12BB is to streamline the tax deduction process for salaried individuals. Read More

This guide delves into the intricacies of ITR-3, the income tax return form used by individuals and Hindu Undivided Families (HUFs)...Read More

ITR-4 (Sugam) is an income tax return form specifically designed for individuals, Hindu Undivided Families (HUFs),...Read More

Form 3CA is an audit report form mandated by the Income Tax Department in India. It applies to specific taxpayers who...Read More

Section 44AB mandates tax audits for certain taxpayers in India. It requires taxpayers whose business...Read More

Under transfer pricing regulations in India, companies must file Form 3CEB if they've conducted specific business...Read More

Section 10(10D) provides significant tax relief on life insurance payouts, making it a valuable provision for taxpayers. However, it is crucial...Read More

2020 budget brought in New Tax system, which offers possibility of paying less in taxes but does not offer some of tax deductions...Read More

In accordance with Section 192, company will withhold TDS from employee's monthly salary. To demonstrate...Read More

27EQ form is used for reporting TCS (tax collected at source) on sale of goods. It also applies to withholding tax on various types...Read More

Any individual or Hindu Undivided Families (HUF) may deduct medical insurance premiums under section 80D for both critical illness...Read More

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Section 80TTB provides senior citizens with a valuable tax benefit by allowing them to claim a deduction of up to ₹50,000 on interest income...Read More

GSTR 1 is a key form for businesses to report their sales and outgoing supplies under GST required monthly or quarterly depending on turnover...Read More

GSTR 3B is key GST return form where taxpayers report sales, ITC claims, tax...Read More

Filing GSTR 9 involves more than just combining monthly GST returns, it requires compiling detailed GST data like sales, purchases.....Read More

GSTR 4 annual return is important for small business owners under the composite scheme....Read More

Know everything about GSTR-6 for ISDs—due dates, filing process, ITC distribution, and tips to avoid penalties. A must-read for small business owners.Read More

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GSTR-9A is an annual GST return for composition taxpayers, summarizing GSTR-4 filings. Filing is waived from FY 2019-20 onwards.Read More

GSTR 10 is the final return that has to be filed by individuals whose...Read More

Filing GST CMP-08 return is crucial for GST compliance. CMP-08 filing involves submitting GST Form by GST taxpayers...Read More

Form ITC-04, also known as Input Tax Credit Form, is essential for GST Input Tax Credit Return. ITC-04 filing is required...Read More

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GSTR-5 filing is essential part of Indian GST compliance for non-resident taxpayers. GSTR-5 form must be submitted via...Read More

GSTR-5A ensures GST compliance for non-resident OIDAR service providers operating in India.Read More

Are you a transporter or engaged in the business of leasing or hiring goods carriages? If yes, you might be eligible...Read More

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Section 80IA is an Income Tax Act provision allowing eligible businesses to claim deductions on their profits earned...Read More

Section 80P of the Income Tax Act is a significant provision that promotes the growth and development of co-operative...Read More

Section 80QQB of the Income Tax Act represents the government's commitment to promoting literary, artistic, and scientific...Read More

Form 10B is a critical compliance document for charitable and religious organizations in India. Filing it correctly ensures tax benefits, transparency, and financial cred...Read More

All companies registered on or after November 2, 2018, are required under Companies (Amendment) Ordinance 2018...Read More

Central Government of India, State Governments, & Local Municipal Bodies comprise three tiers of Indian government...Read More

For many Indian families, Section 80DD is undoubtedly blessing because it will significantly reduce their medical...Read More

Section 194 TDS of Income Tax Act outlines provisions for tax deduction at source (TDS) on interest other than securities...Read More

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Any individual acting as e-commerce operator who uses its digital or electronic facility or platform...Read More

Section 206AA of Income Tax Act mandates that individuals, regardless of their Resident Status, must provide their...Read More

It’s Applicability extends to transactions involving not only goods like alcoholic liquor, forest produce...Read More

The ITCC is a key document for non-residents earning income in India. While it requires effort, it ensures a...Read More

According to the Income Tax (Third Amendment) Rules 2023 Form 10B is mandated for audit reports of charitable funds, hospitals,...Read More

When you submit Form 10A commissioner will review your application and accompanying documents. If more information...Read More

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If you donate money to charitable institutions you can claim a deduction when you file your taxes. This deduction is covered...Read More

Form 10 IC supports eligible businesses with tax incentives, encouraging investment and economic growth...Read More

Form 12C informs employers about an employee's extra income sources for accurate tax deduction...Read More

Under Section 44AD Income Tax Act small business owners with an annual gross turnover of up to Rs 2 crore can calculae....Read More

Under Section 80GGB of the Income Tax Act Indian companies and taxpayers can get tax deductions when they...Read More

Section 80JJAA of the Income Tax Act is a vital provision that encourages businesses to contribute to job creation and economic growth...Read More

Learn how Section 80M helps domestic companies claim tax deductions on dividends received, avoiding double taxation and reducing tax liability.Read More

Section 194Q of Income tax Act 1961 was established by Finance Act 2021...Read More

Section 194R, which deals with tax deduction on incentives or perks...Read More

A provision for 1% TDS deduction on payments made on transfer of virtual digital...Read More

Section 195 of the Income Tax Act is vital in ensuring that non-residents comply with their tax obligations in India. By requiring the deductionRead More

Nirmala Sitharaman suggested including Section 194K in Finance Act in 2020 budget...Read More

To lessen your income tax obligations, Indian government offers few exclusion...Read More

To lessen your income tax obligations, Indian government offers few exclusions...Read More

Section 197 of Income Tax Act grants taxpayers option of either zero-rate...Read More

A new section 194p of income tax act was included by Finance Act of 2021...Read More

The standard deduction under Section 16 of the Income Tax Act is a crucial benefit for salaried employees and pensioners, reducing taxable income Read More

The Taxation (Amendment) Ordinance 2019 was used by the Indian government to enforce 115baa of income tax act...Read More

Taxpayers in India must choose the appropriate Income Tax Return (ITR) form based on their income type and employmentRead More

GST has transformed India’s tax system, simplifying compliance, curbing tax evasion, and...Read More

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Understand what windfall tax is, how it works, its calculation method, and its impact on industries like oil, pharma, tech, and banking. A complete guide for businesses a...Read More

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In 2025, whether you're investing in physical bullion, digital gold, or gold mutual funds, understanding your tax obligations on gold investment is vital for sound financ...Read More

A memorandum of understanding is a powerful yet flexible tool for modern business, diplomacy, and collaborative initiatives.Read More

A Taxpayer Identification Number isn’t just a bureaucratic formality—it’s a vital business tool under India’s older indirect tax system. Read More