Dividend Distribution Tax: Tax Rate, New Changes & Who Should Pay
A dividend is a return on investment or profits earned by domestic companies in a given financial y... Read More »
Tax On Income From House Property: Conditions For Taxability Of Income From House Property
Are you planning to rent out a vacant house of yours? Did you know that the rent you will receive w... Read More »
Section 285BA of Income Tax Act: Overview, Aggression Rule, How To Submit And More
As per Section 285BA of the Income Tax Act, certain specified government agencies and other entitie... Read More »
Section 6 of The Income Tax Act: Overview, Importance And Exceptions
Individuals need to stay informed about their residential status for the previous year during incom... Read More »
DTAA: Objectives, Benefits, DTAA Rates & The Countries Associated
Double Taxation Avoidance Agreement is the full form of DTAA. It is an agreement between two or mor... Read More »
Section 36 of Income Tax Act: A Detailed Guide
The Income Tax Act, of 1961 allows several deductions for taxpayers which help them to manage their... Read More »
PCMC Property Tax: Guide To Calculate & Check Status Online
The Pimpri-Chinchwad Municipal Corporation or PCMC is a constitutional body established in 1982 wit... Read More »
Tax Relief Under Section 87A Of Income Tax Act: How To Claim Tax Rebate Under Section 87A
Taxpayers can reduce their tax liability through the rebate under Section 87A of the Income Tax Act... Read More »
Section 244A of Income Tax Act: Interest Along With Income Tax Refund
On account of excessive tax payments during a financial year, taxpayers are eligible to receive a t... Read More »
Belated Returns: Meaning, Types & Penalty For Late Filing
The Income Tax Act allows taxpayers to file ITR even after one has missed the due dates. In such a ... Read More »
Property Tax in Chennai: Meaning, Tax Rates & Tax Rate Calculator
If you own a flat, building, shop or any other property in Chennai, you are liable to pay property ... Read More »
How to File Form 10A Online: Step-by-Step Guide
If you are planning to open a religious trust or charitable organisation, you must consider other f... Read More »
How to File Form 15CA & 15CB?: A Detailed Guide
According to Section 195 of the Income Tax Act, when an assessee or remitter makes a taxable paymen... Read More »
Section 197 Of The Income Tax Act: Applicability, Eligibility And More
Assesses wanting to avail the facility of nil or low rates of TDS on certain payments received by t... Read More »
Section 54B of the Income Tax Act: A Comprehensive Guide
The Income Tax Act has several provisions that allow taxpayers to avoid tax payments. Section 54B o... Read More »
Residential Status for Income Tax in India: Meaning & Its Importance
Mr. Singh has been commuting to and from India several times in the past year. Under such a circums... Read More »
Form 27EQ: Sections, Features, Eligibility, and Due Date
To increase the efficiency of the tax collection process in India, the government introduced TCS or... Read More »
Section 194J(1)(ba) Of The Income Tax Act: TDS Deduction on Remuneration Paid to Directors
Section 194J(1)(ba) states that any remuneration, fees, or commission paid to a director of a compa... Read More »
E-Verify ITR Through Income Tax Electronic Verification Code
In India, one has to verify the acknowledgement form sent by the Income Tax Department to complete ... Read More »
Differences Between Taxes On Long-Term and Short-Term Capital Gains
Long-term capital gains (LTCG) are profits earned from long-term investments (more than 12 months).... Read More »
Income Tax Audit in India: Objectives & Procedure For Getting A Tax Audit Done
Self-employed Indian citizens must perform a tax audit of their financial accounts. However, one mu... Read More »
Section 145A Of The Income Tax Act For Calculation Of Value Of Inventories Taxation
Section 145 of the Income Tax Act deals with the processes and standards of accounting for business... Read More »
Charitable Trusts And NGOs Tax Benefits in India: How To Claim Tax Benefits
Charity involves doing kind deeds, and NGOs (Non-Governmental Organisations), as well as charitable... Read More »
Tax Deduction Under Section 80P Of The Income Tax Act – Deduction For Cooperative Societies
There are a number of income tax laws in India that encourage specific industries to flourish. Sect... Read More »