Income Tax

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Income Tax Taxation

TDS on Rental Income: Section 194I of the Income Tax Ac...

Section-194I-on-rent

Section 194-I of the Income Tax Act, 1961 was inserted vide Finance Act, 1994 for the imposition of tax on rent paid or payable by an assessee. This sectio...

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Income Tax

Section 115H and its Impact on Income of NRI’s...

Section-115-H

Introduction The tax regime of every country is an integral component of its economy since it is one of the primary sources of government funding. In India...

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Income Tax Startup

Section 73 of the Income Tax Act, 1961

All-about-Section-73-of-IT-Act

Income Tax Act, 1961 includes the provisions for taxation of any kind of income earned by an individual. Major heads for the categories of income for tax a...

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Income Tax

What Is TDS on Salary – A Detailed Overview

WHat is TDS

Salaried employees are inquired for their investment details of any kind at the start of every financial year by their employer. TDS on Salary is deducted...

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Income Tax Latest News

Sale of goods by Duty-free shops is to be treated as Ex...

sale of goods

In case of “Atin Krishna V. Union of India”,at the arrival and departure terminals of international airports the sale or supply of goods at the Duty-Fr...

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Income Tax Latest News

Important Policy Updates from Finance Minister

Important Policy Updates

The Finance Minister notified critical policy updates of India in a recently held press conference. The press conference held as on Friday, August 23, 2019...

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Income Tax

Section 194N – A Complete Overview of Newly Introduce...

Section 194N

Finance Minister Nirmala Sitharaman presented her first Union Budget on 5th July 2019 and added new Section 194N in the present Income Tax Act, 1961. The U...

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Income Tax

Dividend Distribution Tax: Here’s All You Need to Kno...

Dividend Distribution Tax

The Shareholder is the one who invests in the Company by purchasing the shares from the open market or through the transfer of shares. The Company in retur...

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