TDS on Cash Withdrawal Under Section 194N Of Income Tax Act & Its Provisions
The Union Budget of 2019 introduced Section 194N of the Income Tax Act, imposing a TDS on cash with... Read More »
Section 154 of Income Tax Act: Income Tax Return Correction Filing In 10 Easy Steps
After a taxpayer files ITR (Income Tax Return), the tax department checks the return and issues an ... Read More »
Section 12A Of Income Tax Act: Eligibility Criteria & Benefits Of Trust Enrollment U/s 12A
The Income Tax Department offers tax exemptions for non-profit organisations such as religious inst... Read More »
How To Pay TDS Online: A Step-By-Step Guide
Employees need to pay taxes to the Government each year. To make paying taxes easier for the taxpay... Read More »
Section 68 Of The Income Tax Act: Tax On Unexplained Cash Credit
Section 68 of the Income Tax Act was introduced and made effective on April 1, 1962. It allows the ... Read More »
Section 115BBE Of The Income Tax Act: Sub-Sections, Tax Amount And When Is It Not Applicable
Section 115BBE of the Income Tax Act speaks about taxation on the income mentioned in Section 68, 6... Read More »
Section 44AE Of The Income Tax Act: Eligibility And Calculating Taxable Income
The government of India introduced a presumptive taxation scheme under the Income Tax Act to simpli... Read More »
Section 193 Of The Income Tax Act: TDS Deduction Rate Under Section 193
Section 193 of the Income Tax Act talks about the provisions regarding tax deducted at source or TD... Read More »
How To Save Tax On Salary: 15 Ways To Reduce Taxable Income
Depending on the tax bracket, taxpayers pay taxes and file Income Tax Returns at the end of each fi... Read More »
Section 80GG Of The Income Tax Act: Income Tax Claim Deduction For Rent Paid
Home rents can be burdensome, especially in urban areas. Since the demand for rented property is co... Read More »
Section 33AB Of The Income Tax Act: Tax Deduction On Growing Or Manufacturing Tea, Coffee And Rubber
If you have a business that deals with tea, coffee, or rubber, you could get a tax deduction under ... Read More »
10 Best Tax-Saving Investments for Salaried Employees
Tax-saving investments are one of the best ways to secure a stable financial future. Investing also... Read More »
Section 54 Of The Income Tax Act: Capital Gains Exemption
Mr. Sharma is currently going through a financial crunch and is thinking of selling his residential... Read More »
Section 43B of The Income Tax Act: Types of Payments Qualified For Deduction Under Section 43B
Business owners and professionals can claim various expenses as income tax deductions. These expens... Read More »
Section 92CE Of The Income Tax Act: Secondary Adjustment In Certain Cases, Provisions And Sub-Sections
The Finance Act 2017 introduced the latest Section 92CE of the Income Tax Act. This section of the ... Read More »
Section 144 Of The Income Tax Act: Best Judgment Assessment, Provisions, Process And Duration Of Assessment
Section 144 of the Income Tax Act deals with best judgement assessment. This Section gives an Asses... Read More »
Section 44ADA Of The Income Tax Act : Benefits & Purpose Of Presumptive Taxation Scheme
Income Tax Act, 1961 urges professionals and business persons to maintain books of accounts. Along ... Read More »
Section 234A: Delayed Filing Of Tax Returns, Due Date, Calculation And Interest Payable
Taxpayers must file for Income Tax Returns (ITR) every Assessment Year. However, if you delay filin... Read More »
Section 194J: TDS On Fees For Professional Or Technical Services, TDS Rate, Due Dates And How To Lower TDS
According to Section 194J of the Income Tax Act, TDS (Tax Deducted at Source) is deducted against f... Read More »
Capital Gains: Types, Method of Computation, Formula, Taxation, Exemptions and More
Capital Gains refer to the amount of increase in a capital asset's value at the time of selling tha... Read More »
Section 64 Of The Income Tax Act: Clubbing Of Income
India has a progressive tax system. Meaning, as an individual's income increases, the tax payable a... Read More »
How To Revise Income Tax Return Before Assessment And File It Online
Taxpayers file for income tax returns at the end of the year. However, wilful hiding or an unintent... Read More »
How to Pay Income Tax Online: 4 Advantages of Income Tax E Payment
Paying your income taxes on time is mandatory. Thankfully, now you can pay your income tax online. ... Read More »
Section 194IC of the Income Tax: TDS On Rent Payment Under Joint Development Agreement (JDA)
Section 194IC of the Income Tax Act states that any individual who pays rent to a landlord under a ... Read More »