Section 206 AA of the Income Tax Act, 1961: A complete guide Introduction The Income Tax Act, 1961, covers TDS deductions from payments made to non-resident Indians (NRIs). Section 206AA of the Act deals specifically with furnishing a Permanent Account […]

How NRIs can Save TDS while Selling Immovable Properties in India Introduction Tax Deducted at Source (TDS) is like a hurdle for you, which can amount to a substantial sum and eat into your profits. In this blog, we will […]

The key difference between the regular-assessment tax and self-assessment tax Introduction Taxation is an important source of revenue for governments around the world. In India, the Income Tax Department is responsible for collecting taxes from individuals and businesses. The tax […]

TDS on income from units: Section 196B Introduction The Indian government introduced the concept of TDS (Tax Deducted at Source) to ensure a regular flow of income tax revenue. TDS is a tax that is deducted at the source of […]

TDS Return for Interest on NSC Introduction Tax Deducted at Source (TDS) is a tax collection authorized by the Indian Income Tax Department. It is a means of collecting tax from the source of income, rather than waiting for the […]

TDS Return for Interest on KVP Introduction Tax Deducted at Source (TDS) is a tax collection system where a person responsible for making certain payments, such as salaries, rent, interest, etc., is required to deduct a certain percentage of tax […]

All you need to know about the penalty for late filing of an ESI return Introduction Employer State Insurance is denoted as ESI. It provides protection to health-related employees and also includes medical and disability benefits. The companies that are […]

All you need to know about Presumptive Taxation Scheme for Transporters Introduction Transportation is one of the essential sectors that contribute significantly to the growth of the Indian economy. However, managing the tax liability and complying with tax laws for […]

Why Does Your Company require a Legal Compliance Management Service? Introduction Legal compliance is an important factor in running any business. It refers to adhering to all the laws, regulations, and standards set by the government, industry bodies, and other […]