Section 43B of the Income Tax Act 1961: Conditions & Exceptions Introduction Many businesses record expenses in their books before making the actual payment. Section 43B of the Income Tax Act 1961 was introduced to ensure that certain deductions are […]
All about Link your Aadhar with PAN to file ITR Introduction The Government of India has made it mandatory for taxpayers to link their Aadhaar card with their PAN (Permanent Account Number) to file their Income Tax Return (ITR). The […]
A complete guide on Section 194F of the Income Tax Act Introduction Section 194F of the Income Tax Act earlier dealt with TDS on income arising from specified mutual fund and UTI repurchase payment transactions covered under Section 80CCB(2). The […]
TDS on Cash Withdrawal: Rates, Limits and Rules 2026 Introduction TDS on cash withdrawal applies when cash taken from one or more accounts maintained with a bank, cooperative bank, or post office crosses the prescribed annual limit. The provision does […]
ITR Form 7 Filing: Eligibility, Due Date and Filing Process Introduction ITR Form 7 Filing is prescribed for charitable and religious trusts, political parties, universities, educational institutions, research associations, medical institutions, and other specified persons required to furnish their income […]
Form 10F Filing Without PAN for Non-Residents in India Introduction From 1 April 2026, Form 41 under the Income-tax Act, 2025 serves the purpose previously fulfilled by Form 10F for non-residents claiming DTAA benefits on income earned from India. Eligible […]
Tax Saving Schemes for Startups in India Introduction Starting a new business can be tough, especially when it comes to taxes. To help, the Indian government offers several tax saving schemes for startups. These schemes allow start-ups to save money […]
Difference Between TCS and TDS Under the Income Tax Act, 2025 Introduction Understanding the differences between TCS and TDS is essential for businesses, professionals, taxpayers, and finance teams responsible for tax compliance. Both Tax Deducted at Source (TDS) and Tax […]
Difference Between Section 80TTA and Section 80TTB Introduction The difference between Section 80TTA and Section 80TTB mainly relates to the eligible taxpayer, type of interest covered, and maximum deduction permitted. Interest earned from bank accounts and post office deposits is […]
