A Comprehensive Guide to Section 43B of the Income Tax Act Introduction Section 43B of the Income Tax Act is an important provision that deals with various types of expenses that are allowed as deductions. It lays down the conditions […]

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 […]

A complete guide on “Section 194F of Income Tax Act” Introduction The Income Tax Act of India governs the taxation of income earned by individuals, companies, and other entities. Section 194F of income tax act is one of the sections […]

Cash withdrawal TDS: A complete guide Introduction Cash withdrawal TDS or Tax Deducted at Source on cash withdrawals is a provision introduced in the Finance Act of 2020 to discourage cash transactions and promote digital payments. The government aims to […]

Important compliance for NGOs in India- All you need to know Introduction Many individuals assume that NGOs are exempt from all taxes because they feel that their sole purpose as an organization is to engage in non-profit activities. But this […]

What is Corporate Tax in India? And Corporate Tax Rate for Companies in India Introduction The Income Tax Act of 1961 imposes a corporate tax on both domestic and foreign corporations. Through this Act, the Government of India requires domestic […]

Types of equity earnings and Income Tax rules for Equity Share Trading Introduction Equity investments are potentially risky, but they produce high returns. No matter how much profit you make, it is always subject to capital gains taxation. If the […]

3CB and 3CD Form – What is it? And components of form 3CD and 3CB Introduction Forms 3CB and 3CD are reporting formats that should be used by auditors who are auditing the books of accounts of taxpayers who are […]

A complete guide on Filing Form 10F by Non-Residents not having PANs Introduction The Central Board of Direct Taxes (CBDT) published a notice on December 12, 2022, granting one-time relief to non-resident taxpayers not having PAN and the necessary information […]