Learning

Savvy Midha

23 Oct, 2019

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......

Shreya Patel

20 Jul, 2023

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;...

Shubham Chauhan

24 Oct, 2019

India’s Health Minister Mr. Harsh Vardhan unveiled a line of “green” firecrackers with some of the country’s top scientists. This move focuses on r...

Savvy Midha

23 Oct, 2019

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...

Shubham Chauhan

23 Oct, 2019

The indirect tax department wants Indian conglomerates and foreign banks to put a valuation on their brand names and logos and charge fees from the subsidi...

Savvy Midha

23 Oct, 2019

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...

Shubham Chauhan

22 Oct, 2019

GST (Goods and Service Tax) has emerged as a lightning reform in the Indian Tax history. It is an indirect tax imposed by the government, which has replace...

Soniya Khanna

24 Jun, 2023

On 15th October 2019, RBI issued guidelines on “ On-tap Authorisation of Payment Systems.”  The main aim behind the introduction of these guidelines i...