1. Mandatory E-Filing Requirement
All tax deductorsmust electronically file quarterly TDS statements
Applies...
The Inverted Duty Structure (IDS) under the Goods and Services Tax (GST) regime is a situation where...
In the intricate landscape of Goods and Services Tax (GST), the concepts of zero-rated supply and export...
Under Section 17(2) of the Income Tax Act, 1961, certain perquisites are taxable only for “specified...
1. Overview
Section 115BA provides a concessional tax rate of 22% (plus surcharge & cess) for new...
Applicable to: Individuals, HUFs, Firms, AOPs, BOIs, and others (except companies)
This section provides...
Is one of the most well-known investment schemes offered by the India Post. While the scheme is open...
Section 10(23BBC) of the Income Tax Act provides a tax exemption for the income of the SAARC Fund for...
This section provides tax exemptions on certain types of interest income earned from specified bonds,...
Section 10(19A) of the Income Tax Act, 1961, exempts the annual value of one palace in the occupation...
Following Business are required to get their Accounts compulsory Tax Audited by a Chartered Accountant...
1. Core Rule (Strict Liability)
No PAN = Higher TDS/TCS:
TDS rate: 20%(instead of normal rate)
TCS...
Section 10(6) of the Income Tax Act, 1961 provides an exemption from income tax for certain income received...
To give relief to small taxpayers from the tedious job of maintenance of books of account and from getting...
Section 10(12B) of the Income Tax Act, 1961 provides tax exemptions on partial withdrawals from the National...
Section 10(4E) of the Income Tax Act, 1961 in India provides an exemption for income earned by a non-resident...
Section 192A of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on premature withdrawals...
Section 234B(1) of the Income Tax Act, 1961, imposes interest if an assessee either:
Fails to pay advance...
The National Savings Certificate (NSC) is a fixed Income Investment scheme that you can open with any...
1. Investment in Sukanya Samriddhi Yojana for Tax Saving for AY 2022-23 & 2023-24
Sukanya Samriddhi...