Income Tax Articles
Navigating E-commerce TDS: A Detailed Guide
The latest circular on TDS (Tax Deducted at Source) for online transactions brings some key clarifications. Don't get lost in the technical jargon - This detailed guide simplifies it all!
TDS deduction under Business and Profession
The Income-tax Law implements a system of tax deduction at the moment of income generation to facilitate speedy and effective tax collection. In this system, Tax is deducted by the payer and is remitted to the Government by the payer on behalf of the payee.
All You Need To About Form 15CA and Form 15CB
In the course of business, it happens that many payments are made outside India. When payments are made outside India, there are certain compliances that need to be followed and tax deduction is required for any amount that is taxable under the Income Tax Act.
Last date to file Income tax return is 31st December 2023
This article explores the importance of filing a belated return and presents a step-via-step guide on how to document it on line.
Decoding the Legitimacy of Business Expenses
In a recent case, Swing Infraspace P. Ltd. found itself in the crosshairs of the Income Tax authorities concerning the allowability of certain expenses under Section 37(1) of the Income Tax Act, 1961.
Understanding Section 16 and Automating Form 16 Part B Preparation for 100 Employees in FY 2023-24
28 December 2023
3240 Views
Section 16- Standard Deduction, Entertainment Allowance, and Professional Tax: Unraveling the Tax Web with Automatic 100 Employees Form 16 Part B Preparation for the FY 2023-24
Understanding TDS Under Section 195
In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr.
What is the process to file Form ITR 5?
In this article, we will learn what ITR form 5 is and how to file it.
Guide to Handling Form 16 Part B for 100 Employees in FY 2023-24
23 December 2023
2008 Views
This article guides you through the process, ensuring accuracy, efficiency, and compliance.
Income Tax Raids Net 351 Crore Cash and Expose Alleged Tax Evasion in Liquor Business
A recent press release from the Income Tax Department reveals a major crackdown on a business group operating in Odisha, Jharkhand, and West Bengal.
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