What is Section 194K of Income Tax Act?, Types of Income from Mutual fund Units and Motive behind Section 194K of Income Tax Act Introduction During Budget 2020, Nirmala Sitharaman recommended the addition of Section 194K to the Finance Act. […]

“What is Form 27Q?”, “How to file Form 27Q online TDS Return?” And Classification of Form 27Q – NRI TDS Returns Introduction  Form 27Q is a TDS Return or Statement that shows the amount of tax deducted at source (TDS) […]

What is Advance Payment of Tax? And Calculation on Advance Payment of Income Tax Introduction The need to pay Income Tax for income earned during the same Financial Year is referred to as Advance Payment of Tax. In general, taxpayers […]

“What is OLTAS?”, “What is Challan Number?” And Challan Status Enquiry Introduction Any type of direct tax, including income tax, corporation tax, Tax Deducted at Source (TDS), and Tax Collected at Source (TCS), can be paid using a single copy […]

How to file Income Tax Return for Sole Proprietorship in India? And FAQs on Income Tax Return for Sole Proprietorship in India Introduction A proprietorship, like other incorporated firms such as partnerships and corporations, must pay tax on its earnings. […]

Everything you need to know on Remuneration to LLP Partners, Eligibility Criteria, and Maximum Remuneration to Partners in LLP allowable by Income Tax Department Introduction The Internal Revenue Service has issued a number of detailed instructions regulating the remuneration granted […]

All you need to know about income tax exemption in India Introduction This article explains income tax exemptions in India, specifically income that is not taxed under Section 10. Income tax is charged on individuals or businesses earning above a […]

“What is Professional Tax in Maharashtra?” And “How to pay Professional Tax online in Maharashtra?” Introduction The MahaGST website makes it simple to pay professional tax in Maharashtra. In fact, for those who pay on a monthly basis, e-payment is […]

All you need to know on Different Taxes in the USA, Corporate Tax in the USA, and Federal Corporate Income Tax Introduction It’s critical to understand your federal, state, and local tax obligations as a business owner. This will help […]