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Income tax act

TDS on Prize, Betting, Lottery Wining

Section 194B of Income Tax Act, 1961: Prize, Betting, Lottery Winning Tax Introduction In the present day, there is a…

Incomes fall under the head of Income from other sources

What incomes fall under the head of Income From Other Sources? Introduction The Income Tax Act, 1961 is the most…

Some important compliances for NGOs in India

Important compliance for NGOs in India- All you need to know Introduction Many individuals assume that NGOs are exempt from…

10 Tax Planning Tips for Self-Employed Professionals

10 Things to Know about Tax Planning for Self-Employed Professionals Introduction Tax planning is a crucial aspect of managing finances…

Reply to a Demand Notice Under Section 156 of the Income Tax Act

How to reply to a Demand Notice Under Section 156 of the Income Tax Act? Introduction Receiving a demand notice…

All about a Taxpayer’s Rights while Filing an Appeal to the Commissioner

Appeal to Commissioner Under Income Tax and Taxpayer Rights Introduction The income tax system is a critical aspect of any…

What is an Appeal to Commissioner under the Income Tax Act?

Appeal to Commissioner under Income Tax: How to file it? Introduction   The Income Tax Department is responsible for collecting taxes…

What are 3CB and 3CD Form? And components of form 3CD and 3CB

3CB and 3CD Form - What is it? And components of form 3CD and 3CB Introduction Forms 3CB and 3CD…

Meaning of Corporate Tax in India and Corporate Tax Rate for companies

What is Corporate Tax in India? And Corporate Tax Rate for Companies in India Introduction The Income Tax Act of…