Section 44DA Of The Income Tax Act: Tax On NRI Business Income In India
If you are a Non-Resident Indian (NRI) and earn an income from royalties and fees from technical se... Read More »
Section 44B: Tax On NRIs For Income From Shipping Business On Presumptive Basis
Section 44B of the Income Tax Act calculates the profits and gains of Non-Resident Indians (NRIs) i... Read More »
Section 17 of Income Tax- Salary, Perquisites and Profits In Lieu of Salary
Section 17 of the Income Tax Act contains a detailed categorization of the three different parts of... Read More »
Section 115 QA – Income Tax On Buyback Of Shares
Section 115QA of the Income Tax Act, 1961 regulates taxability on buying back shares. Further, inco... Read More »
Section 92 of Income Tax Act: Computation of Income from International Transactions
Section 92 of Income Tax Act provides provisions regarding calculating income generated via interna... Read More »
Section 80CCD Of Income Tax Act: Deductions For NPS And APY Contributions
Under Section 80CCD of the Income Tax Act, individuals contributing to National Pension Scheme (NPS... Read More »
Section 80IA Of The Income Tax Act: Tax Benefits For Industrial Undertakings And Infrastructure Development
Section 80IA of the Income Tax Act allows tax deductions for industrial undertakings and infrastruc... Read More »
Conveyance Allowance — Meaning, Rules, Exemption, Limits, and More Features
All employers offer conveyance allowance to their employees as compensation for their travelling co... Read More »
Deductions Under Section 80CCF – Is It A Win-Win Situation For All?
The Government of India encourages its citizens to participate in infrastructure building and boost... Read More »
Section 194I of Income Tax: Read More on TDS On Payment of Rent
Section 194I of the Income Tax Act lays down the principles of taxation for rental income. Individu... Read More »
NRI Income Tax Slabs: Details on Taxable Income and Deductions
NRI or Non-resident Indian income tax slabs are applicable for those who are from India but are ear... Read More »
Taxability of Bonus: How are Employee Bonus Taxed?
Employees are often compensated with a bonus on their existing remuneration. This extra salary is p... Read More »
Know Details About Section 50 of The Income Tax Act
Assets can be classified as ‘short term capital assets’ and ‘long term capital assets’ base... Read More »
Intimation Notice under Section 245 of Income Tax Act: Adjusting Outstanding Tax Demand from the Taxpayer
Getting an intimation notice under Section 245 of Income Tax is just the Income Tax depar... Read More »
How to File Form 16: Everything You Need to Know About Form 16
An employer issues Form 16 to all their salaried employees. This document proves TDS deduction from... Read More »
Section 80QQB of Income Tax — Deductions on Royalty Income
Authors get a percentage of profit from the publishers upon the sale of their books. This percentag... Read More »
5 High-Value Transactions Income Tax Department Can Investigate
The Income Tax Department traces all transactions so that they can curb black money transactions an... Read More »
Section 32AD of the Income Tax Act: Investments in Notified Backward Areas in India
The Government of India aims to develop every backward region in the country irrespective of how re... Read More »
5 Other Sources of Income You Must Pay Tax On: How To File ITR, Deductions And Exemptions
The Income Tax Department has classified income into various 5 heads - income from salary, capital ... Read More »
ITR for Business Income: Tax Rates, Requirements And Due Dates
India has seen significant growth in businesses, especially startups, over the last few years. In f... Read More »
Know Everything about Rule 6DD of Income Tax Act
According to Rule 6DD of Income Tax Act, one can make cash payments of upto Rs. 10,000 only on ... Read More »
What Is Self-Assessment Tax: Calculation And How To Pay It Online
At the end of a financial year, a taxpayer has to check if there is any pending tax which should be... Read More »
Tax Benefits Under National Pension Scheme (NPS) Explained
The National Pension Scheme was launched by the government in 2004 and has been one of the most pre... Read More »
Section 250 Of The Income Tax Act: Procedure In Appeal, Provisions And Sub-Sections
Section 250 of the Income Tax Act, 1961, talks about the procedure in appeal by a person denying li... Read More »