How to file a TDS return for corporate deposits online? Introduction Corporate deposits are a popular investment option among investors looking for higher returns than traditional bank deposits. However, like other interest-bearing investments, corporate deposits are subject to TDS (Tax […]
Understanding Income Tax on Marriage Gifts Introduction Marriage is a significant event in one’s life that is celebrated with much joy and festivities, and exchanging gifts is a common tradition. However, many people are unaware of the tax implications of […]
Value of Supply under GST Introduction The Goods and Services Tax (GST) is a significant indirect tax in India that is levied on the supply of goods and services. The value of supply is a critical factor in determining the […]
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 […]
