“What is ITR Form 5?”, “How to file ITR form 5?”, and Eligibility Criteria for ITR Form 5 Filing Introduction The Income Tax Department of India has made it mandatory for individuals and businesses to file their income tax returns […]

Section 206C of Income tax Act: All you need to Know Introduction In Finance Bill 2020, a new TCS section 206C (1H) was added. According to the new section, a seller must collect TCS from the buyer on any sales […]

“What is ITR Form 7?”, “How to file ITR 7?” And Eligibility Criteria Introduction ITR taxpayers have several options for completing the Income Tax Return Form 7, including bar-coded forms, paperback forms, digital signatures, and the filing of return verification […]

3CB and 3CD Form – What is it? And components of form 3CD and 3CB Introduction Forms 3CB and 3CD are reporting formats that should be used by auditors who are auditing the books of accounts of taxpayers who are […]

What is Corporate Tax in India? And Corporate Tax Rate for Companies in India Introduction The Income Tax Act of 1961 imposes a corporate tax on both domestic and foreign corporations. Through this Act, the Government of India requires domestic […]

Types of equity earnings and Income Tax rules for Equity Share Trading Introduction Equity investments are potentially risky, but they produce high returns. No matter how much profit you make, it is always subject to capital gains taxation. If the […]

E-commerce taxation in India and Scope of Section 194O of the Income Tax Act Introduction Do you know that there was no tax on e-commerce businesses at first? As a result, non-resident e-commerce operators made profits in India without paying […]

Donation of Political Parties under Section 80GGC Introduction In India, political parties play an essential role in the democratic process by contesting elections and governing the country. Political parties need financial resources to conduct their operations and campaigns, which are […]

A Guide on Preparing for Tax Season During Partnership Firm Dissolution Introduction As a business owner, dissolving a partnership firm can be a challenging and stressful process. One of the most crucial aspects of this process is preparing for tax […]