Income Tax act 1961: Warranty and Provision allowability Introduction Warranty provision is a common practice followed by businesses to cover future liabilities. However, the allowability of such provisions under the Income Tax Act 1961 can be a complex matter. The […]
TDS deductions on payment under specified agreements Introduction The Indian government has 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 […]
TDS on payment to Non-Resident Sportsmen Introduction The world of sports has gone global, and athletes and sports associations are no longer limited to their respective countries. Non-resident sportsmen and sports associations have become so common in sporting events and […]
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 […]
All you need to know- Penalty chart under Income Tax Act, 1961 Introduction The timely and consistent payment of taxes and submission of returns guarantees that the government has funds available for public welfare at all times. There are many […]
All about Capital gain Tax on Agricultural Land Introduction A piece of land used for agriculture is known as agricultural land. This article focuses on the tax that would be charged on capital gains resulting from the sale of agricultural […]
“How to Link Aadhaar Card to Ration Card online and Offline?”, Benefits of Linking Aadhaar Card to Ration Card and Documents Required to link Aadhar Card to Ration Card Introduction The Government of India has instructed the population to link […]
All you need to know on EPF And PPF Interest Rate Introduction The realm of savings and investments in India offers a variety of government-backed schemes tailored to meet diverse financial goals. Two prominent instruments in this category are the […]
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. […]
