Income Tax Articles
Understanding Tax Implications for NRIs in FY24
As we explore the fiscal year 2024 (FY24), it's crucial to understand the intricate tax implications for NRIs to ensure compliance with Indian tax laws and optimize tax efficiency.
Due date to deposit TDS
The due date to deposit TDS and file TDS Return is 7th of the succeeding month and last day of the month succeeding the quarter.
Leave Travel Allowance (LTA)
Leave Travel Allowance (LTA) Eligible amount for exemption
Section 194C: TDS on payment to contractors
Any person who is liable to make payment to any resident contractor/sub-contractor for carrying out any work in pursuance of a contract is liable to make payment under TDS Section 194C.
Form 26QB is applicable if you made any property transaction this Financial Year
Form 26QB is a statement cum challan for the online payment of TDS on property transactions.
Tax Implications on Slump Sale
Section 2(42C) of the Income-tax Act, 1961 (IT Act) defines the term slump sale" as the transfer of one or more undertakings, by any means, for a lump sum consideration without values being assigned to the individual assets and liabilities in such a transfer
E-pay tax : Income Tax, TDS through Income Tax Portal
Last week 7th of Nov 22 was the due date for payment of TDS deducted during the month of October 2022, whereas most of them would have noticed that in tin-nsdl portal
TDS Full Form
TDS stands for Tax Deduction At Source. TDS is applicable on every person who is making the payment which are specified under Income Tax Act,1961.
Difference between Form 16 and Form 16A
Know everything about Form 16 & 16A of Tax Deducted at Source
Why Many Salaried Employees Received Notices for AY 2023-24?
As we are all aware, under the Income Tax Act of 1961, every assessee has to furnish his income tax return as required by 139. Once it has been furnished, the assessment part comes into play, where an assessing officer scrutinizes the ITR form and takes action as required.
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