Taxation

Savvy Midha

22 Jun, 2023

Advance Tax is applicable on every self-employed businessperson, professionals, freelancers, whose income falls within the jurisdiction of Income Tax Act,...

Shreya Patel

13 Jul, 2023

Tax Planning is the process of reducing tax liability on taxpayers by making the maximum use of deductions, allowances, exemptions & relief provided un...

Savvy Midha

28 Sep, 2019

Section 194-H of the Income Tax Act, 1961 deals with the deduction of TDS from commission or brokerage income. As per Section 194-H, the TDS has to be dedu...

Tanya Verma

24 Sep, 2019

India’s Electric Vehicles Industry is likely to receive a lot of support with the slashing of the Corporate Tax Rate on new manufacturing companies. ...

Akash Dubey

26 Aug, 2020

In a recent announcement, the Finance Minister of India, Nirmala Sitharaman[1] slashed corporate tax rates. The government did reduction in corporate taxes...

Savvy Midha

19 Sep, 2019

Introduction In the present era of globalization, there are minimal restrictions on the boundaries for business and their transactions.  Businesses ar...

Savvy Midha

19 Sep, 2019

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...

Savvy Midha

11 Sep, 2019

Section 194-IA is effective from 1st June 2013 on the sale/ purchase of immovable property. A buyer of immovable property at the time of making payment of...