Tax deduction at source (TDS) is an income tax liability that is deducted from salary of the employee. It is similar to...
TDS on digital payment has always been a contentious issue. Taxpayers and income tax department have been fighting for ...
A salaried person knows that House rent allowance (HRA) is a tax planning/tax saving tool. For salaried person HRA is p...
Section 111A of the income tax act has specific rate of tax on short term capital gain. This section was inserted b...
Advance tax is an Income tax. As the name suggests advance tax is paid much before the period of filing of income tax r...
There has been substantially increase in foreign remittance since when ecommerce activities and import of goods and ser...
Filing income tax return is a one-time job in a year that every person should do. Every year we all are required to fur...
Do you know that you can avoid income tax on sale of Long-Term Capital assets? Income tax act deals with the tax tr...
Do you know that you can avoid income tax on sale of residential house property? Income tax act has specified section 5...
Income tax return (ITR) for the financial year 2021-22 i.e assessment year 2022-23 are open. Income tax department has ...
Income tax Act requires that before leaving India a person should pay all taxes on the income earned in India by means ...
Every year finance minister comes with the income tax rate that are applicable for the relevant assessment year. Income...
Every employer responsible for paying any sum chargeable under the head ‘Salaries’ is liable to deduct tax at sourc...
The word ‘business’ connotes some real, substantive and systematic or organized course of activity or conduct with ...
Interest on home loan taken to acquire or construct the property often confuses the taxpayer about its tax treatment. S...
