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TCS stands for Tax Collected at Source and, it is the tax payable by a seller which the seller collects from the buyer at the time of sale. Section 206C......
The Income-tax Department checks the income declared and tax paid by the person with the details available with them. As per the Income-tax Act 1961, if th...
The Income Tax Act, 1961, prescribes the time limit in the form of due dates for filing of the return, payment of advance tax, a deposit of TDS, etc. If......
Introduction Income Tax Act is a crucial legislation in India's taxation system. The main role of this act is the assessment and collection of income tax;...
Tax is the primary source of revenue for Government in India, and thus, various forms of income are taxable under the purview of the Income Tax Act[1]. How...
Any income earned by a Charitable or Religious Trust is exempted from the purview of taxation under Section 11 of the Income Tax Act. This section provides...
The most critical stage for a business is the time before its commencement. Prior to the commencement of business the question which troubles the Revenue A...
The most critical law component controlling India's taxation system is the Income Tax Act 1961. Section 9 of this Act is crucial because it establishes the...
The insurance industry is on the edge of a transformative era. As we enter 2024, technological...
The Indian Cybercrime Coordination Centre reported a rise in digital financial fraud, which has...
During its 203rd meeting on 25th November 2023, the Securities and Exchange Board of India (SEB...
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NBFCs in India encounter significant challenges related to the compounded effects of outstandin...
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