TDS Challan Correction Procedure and Mistakes that can be done by TDS Deductor Introduction When submitting TDS through challan, the deductor must supply information such as his or her PAN/TAN, the relevant assessment year, the applicable major and minor head […]

A complete guide on Section 194J of Income Tax Act: TDS on Professional Fees, TDS on Technical Services and Penalty for not deducting TDS (Tax Deducted at Source) Introduction The requirements for Tax Deducted at Source (TDS) on payments made […]

All you need to know on Applicability of TDS on E Commerce under Section 194O of Income Tax Act Introduction  Section 194O of Income Tax Act was mentioned and introduced in the Union budget for 2020. To support the sale […]

What is Professional Tax Payment And Its Due Dates?  Introduction In this article, we’ll talk about professional tax payment in India, the different tax rates in various states, the documents needed to register for it, and which states it applies […]

What is Section 54 of Income Tax Act? And Conditions under Section 54 of Capital Gains Introduction Owners of residential properties are frequently forced to sell their homes for a variety of reasons, including relocation, career changes, retirement, and so […]

“Who is an Assessing officer?”, “How to Know your Assessing Officer?” And Powers of Assessing Officer Introduction Each taxpayer is allocated a jurisdictional Assessing Officer based on the residence stated on his PAN Card record and his income to ensure […]

TDS on Salary under Section 192 of Income Tax Act – How to Calculate TDS on Salary? Introduction TDS (Tax Deduction at Source) is a sort of income tax that is deducted at the point of transaction. Tax is normally […]

What is Foreign Tax Credit? And Foreign Tax Credit Rules Company India today serves global demands as a resident of India and brings in foreign income that is taxed in India. On the other hand, this opens up the possibility […]

Income Tax Rates Slab for FY 2022-23 (AY 2023-24) Every year, after the budget it is necessary to check whether there is any change in the Income Tax Rates in India. Well, this year as well the Finance Ministry has […]