Taxation

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Income Tax Taxation

Cash withdrawal of more than 1 Crore attracts TDS

Cash withdrawal

The Central government to reduce cash transactions and move one step forward towards the cash-less economy brought out a new amendment by introducing Secti...

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Latest News Taxation

Transparent Taxation in India: A scheme to honour taxpa...

Transparent Taxation

Prime Minister Mr. Narendra Modi has brought out a scheme for transparent taxation to honor taxpayers' needs within the country.  This initiative was...

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Income Tax Taxation

Penalty for Breach of Section 269SS of the Income Tax A...

Section 269SS of the Income Tax Act

Finance plays a significant role in every business. In many circumstances, the own finances of an individual are not sufficient to fulfill the requirements...

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Latest News Taxation

A Comprehensive Synopsis of New TCS Provisions with Eff...

TCS Provisions

Finance Bill, 2020 has inserted a new TCS provisions Section 206 (1H) of the Income Tax Act, 1961, to charge TCS on sale of goods, which was to be effectiv...

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Income Tax Taxation

A Complete List of Penalties under the Income Tax Act...

Penalties under the Income Tax Act

A taxpayer must pay the taxes timely and also filing of the income tax returns assures that the Government has the money for public welfare and public bene...

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Income Tax Taxation

Deduction on Savings Accounts Deposits under Section 80...

Section 80TTA of the Income Tax act

Section 80TTA of the Income Tax Act provides the privilege to claim deductions on savings accounts deposits that are held in a bank, post office, or co-ope...

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Income Tax Taxation

Tax Deductions for Disabled Persons under Section 80U:...

Tax-Deductions-For-Disabled-Persons-under-Section-80U

The Income Tax Act, 1961 allows deductions from the total gross income, before charging the tax, in case medical expenditure has been made on the treatment...

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Covid-19 Income Tax Latest News Taxation

Income Tax Updates –Deciphering, News, Information, N...

Income Tax updates

The current FY 2019-2020 closed on March 31 as usual, and the new financial year 2020-21started from April 1, 2020. The Government on analysing the lockdow...

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