Section 394 of the Income Tax Act, 2025: TCS Rules and Exemptions Introduction Section 394 of the Income Tax Act governs the collection of tax at source on specified transactions. Under this provision, sellers and other specified persons collect TCS […]
Section 202 of the Income Tax Act, 2025: Tax Slabs and Rules Introduction Section 202 of the Income Tax Act 2025 contains the provisions governing the new tax regime for individuals, Hindu Undivided Families, Associations of Persons, Bodies of Individuals, […]
Form 131 of Income Tax Act: Applicability and Process Introduction Form 131 of Income Tax Act is a TDS certificate for tax deducted from specified income other than salary. The deductor issues it to the deductee as proof that tax […]
Section 196 and 198 of the Income Tax Act 2025: STCG and LTCG Introduction Sections 196 and 198 of the Income-tax Act, 2025 prescribe special tax rates for eligible short-term and long-term capital gains arising from specified equity-related assets. Section […]
The concept of Form 168 of Income Tax Act Explained The Form 168 of Income Tax Act is the Annual Information Statement prescribed under the Income-tax Rules, 2026. It provides taxpayers with a consolidated view of TDS, TCS, tax payments, […]
TDS and TCS Compliance Calendar August 2026: Key Due Dates Introduction The TDS and TCS Compliance Calendar August 2026 highlights all the important due dates for depositing tax deducted or collected in July 2026, issuing TDS certificates, and completing statutory […]
Income Tax Compliance Calendar August 2026: Key Due Dates Introduction The Income Tax Compliance Calendar August 2026 highlights the important statutory due dates for Income Tax Return (ITR) filing applicable during the month. Staying updated with these deadlines enables taxpayers […]
Section 144 of the Income Tax Act 2025: SEZ Unit Deduction Introduction Section 144 of the Income Tax Act 2025 continues the deduction available to eligible Special Economic Zone units under Section 10AA of the Income-tax Act, 1961. It applies […]
Form 79 under the Income Tax Act 2025: Investment Fund Filing Guide Overview Form 79 under the Income Tax Act is a statement used by investment funds to report income paid or credited to unit holders. It is furnished under […]
