Analysing the new provision for TDS i.e. Section 194Q, that has been proposed in the Union Budget 2021-22 and what will be its impact on the taxpayers.
As per section 54, an individual or HUF selling a residential house property can avail tax exemption under the said section for capital gain, provided the capital gains are invested in purchase or construction of Residential House Property.
A new Income Tax regime was introduced by FM Smt. Nirmala Sitaraman in Budget 2020 with more tax slabs and lower tax rates. In this article, we do a comparative analysis of the Old and New Income Tax Regime.
Discussing Section 194LBA of the Income Tax Act 1961, which deals with the TDS on Certain Income from Units of a Business Trust including its meaning, rate of TDS, eligibility requirements etc.
TDS is a provision to ensure swift recovery of tax and is done at specified rates on specified payments. The government has amended TDS rates for residents, however, these changes are not applicable to NRIs.
Discussing Section 194LB of the Income Tax Act, which deals with the TDS on Income, by way of Interest from Infrastructure Debt Fund including its meaning, rate of TDS and responsibility etc.
Tax Saving is often considered one of the most important aspects of Financial Planning. We all know that every year we have to pay a certain percentage of our income as tax to the government.
Discussing all the Direct Tax Notifications and Circulars issued by the Central Board of Direct Taxes, in the month of January 2021.
Discussing Section 194LA of the Income Tax Act which deals with TDS on Payments of Compensation on Acquisition of certain Immovable Property including its meaning, rate of TDS, and eligibility etc.
Highlights of Union Budget w.r.t Taxation
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools