What is Form 26QB for TDS? How to Download and Submit it?
While purchasing a property, buyers are liable to pay various taxes. The Finance Act, 2013 made TDS... Read More »
PF Withdrawal Rules 2023 – Rules, Documents Required and Types
EPF/PF Withdrawal Employees’ Provident Fund (abbreviated as EPF) is a popular retirement sav... Read More »
Stamp Duty and Property Registration Charges in Delhi 2023
It is compulsory for property buyers in the Capital to pay stamp duty in Delhi during property regi... Read More »
Income Tax Return – Documents, Forms and How to File ITR Online AY 2023-24
In India, it is mandatory for all taxpayers who earn more than the basic tax exemption limit to fil... Read More »
What is Section 80CCD – Deductions for National Pension Scheme and Atal Pension Yojana
The Income Tax Act provides a number of deductions and tax benefits to taxpayers, so they can strat... Read More »
Tax on Dividend Income: Sources, Tax Rate and TDS on dividend income
What are Dividends? Companies may raise funds for running their operations by selling equity. Th... Read More »
Section 112A of Income Tax Act: Taxation on Long-Term Capital Gains
What is Section 112A? Section 112A of the Income Tax Act was announced in Budget 2018 to replace... Read More »
Section 206AB of Income Tax Act: Eligibility And TDS Rate
Section 206AB was introduced in the Finance Bill 2021 as a new provision pertaining to higher deduc... Read More »
What is a Credit Note in GST – Example, Format and Steps
A GST Credit Note is mandatory for any GST-registered supplier of goods or services. As a supplier,... Read More »
Exemptions and Deductions Under Section 10 of Income Tax Act
What Is Section 10 of the Income Tax Act? Section 10 of the Income Tax Act, 1961 provides tax-sa... Read More »
Section 57 of the Income-tax Act – Income from Other Sources
It is quite likely that many entities - individuals as well as businesses - have multiple sources o... Read More »
What is Dearness Allowance? – Types, Calculation, and Current Rate
What is Dearness Allowance? Dearness Allowance Meaning - Dearness Allowance (DA) is an allowance... Read More »
How to Claim Leave Travel Allowance? – Benefits, Documents Required and Exemptions
What is Leave Travel Allowance? Leave Travel Allowance or LTA, also known as Leave Travel Conces... Read More »
Section 194B – TDS on Lottery, Games, Betting and Game Shows
What is Section 194B of Income Tax Act? Section 194B of Income Tax Act, 1961 states that winning... Read More »
What are the Sources of Public Revenue for Government? – Major Tax and Non-tax Sources
The government undertakes many initiatives and projects aimed at economic growth and progress. This... Read More »
How to Withdraw PF Amount? – Steps, Eligibility, and Status Check
Employees Provident Fund (EPF) is a government-backed retirement savings scheme. It falls under the... Read More »
Cess on Income Tax: Overview, Types and Calculation
What is Cess on Income Tax? Cess is an additional tax on taxes imposed by the central government... Read More »
Short-Term Capital Gains Tax Under Section 111A of the Income Tax Act
What is Section 111A of the Income Tax Act? Section 111A of the Income Tax Act deals with taxati... Read More »
Old vs New Tax Regime – Which One is More Beneficial in 2023?
The government introduced a new tax regime in FY 20-21 in addition to the existing regime and revis... Read More »
Form 26AS – How to View and Download Form 26AS Online?
What is Form 26AS? Form 26AS is a consolidated tax statement issued by the Income Tax Department... Read More »
Deductions on Salary Under Section 16 of the Income Tax Act, 1961
Section 16 of Income Tax Act, 1961 Section 16 of the Income Tax Act, 1961 mentions allowances an... Read More »
Section 192A of Income Tax Act : TDS on EPF Withdrawal
Section 192A of Income Tax Act Section 192A of the Income Tax Act is related to TDS or Tax Deduc... Read More »
Income Tax Deduction Under Section 80EE on Home Loan Interest
What is Section 80EE of the Income Tax Act? Section 80EE of the Income Tax Act, 1961 was formula... Read More »
Section 80C of Income Tax Act Deduction Limit FY 2022-23
What is Section 80C in Income Tax? Section 80C of the Income Tax Act, 1961 allows you to claim t... Read More »