Taxation of HUF
Hindu Undivided Family (HUF) is defined as a separate tax entity that consists of individuals...
Form 10 IEA
Introduction: Income tax department have made their intentions clear in Union Budget 2023 to make new...
Explanation of Press Release on Implementation of E-Verification Scheme-2021
In India, many people are not aware about their eligibility and liability to file the...
Deductions From Income From House Property
Introduction: Almost every individual dreams of having a house of his own. Many a times, an...
No TDS is applicable u/s 194H in B2B Transactions if assessee is not responsible for paying Income Tax or Filing Income Tax Returns: Supreme Court
Deduction of tax at source from income has been one of the most crucial part...
Rebate under section 87A of Income Tax Act, 1961
Introduction: In India, tax planning has been one of the most worrisome factor for common individuals...
Deduction u/s 80P(2) for interest income is allowed from Fixed Deposits with Co-operative Banks: ITAT
It’s important for cooperative societies to closely monitor the performance and stability of the cooperative...
Form 3CEB and recent amendments as per notification
Form 3CEB and recent amendments as per notificationWhat is Form 3CEB?Form 3CEB is a document...
What is surcharge and who is liable to pay the same
Earning higher income is the dream of almost every single Individual. Money is what drives...
Clarification from CBDT with respect to Charitable Donations and Application of Income
Charitable trusts and institutions in India can qualify for tax-exempt status under Section 11 of...
Section 43B(h) and what you need to know to avoid disallowance of expenses
Introduction:India is one of the fastest growing economy in the world as of now. With...
Non-resident of India as per Income Tax Act,1961
IntroductionIn general sense, we always refer any person who is of an Indian origin but...
TDS ON SALARIES PAID TO DOCTORS OF ALL CATEGORIES ARE TO BE DEDUCTED U/S 194J AND NOT U/S 192: ITAT
The assessee company with the name of Artemis Medicares Services Ltd. is a healthcare company...
Guidelines for E-commerce operator regarding TDS Deduction as per Section 194-O(4) of The Income Tax Act, 1961
Why was section 194-O inserted?Worldwide various small businesses and entrepreneurs conduct their businesses with a...
Section 80GGC of Income Tax
Introduction:The 80GGC deduction under the Indian Income Tax Act allows for tax deduction on contributions...
How To File e-Form 26QB on sale of property?
Introduction:Buying a property of their own is a dream of almost every independent individual. But...
High Value Transactions
Introduction:High-value transactions in income tax typically refer to financial transactions or activities that involve significant...