Finance Act 2021 introduced an amendment where the trusts had to file a statement of donations received in each financial year as per section 80G(5)(viii) and as per section 35(1A)(i).
Let's break down the rules for how political parties are taxed by CG. Basically, if a political party meets four specific conditions, all income earned is tax-free income.
The CBDT has recently rolled out a new functionality in the AIS that allows taxpayers to view the status of their feedback in real-time.
Depreciation is calculated annually based on the two methods. Check out the two methods to calculate depreciation.
How to Save Tax if Salary is Above 10 Lakhs: know the rate, exemptions and calculation for filling your return.
Section 144 of the Income Tax Act outlines the procedure for making assessments when a taxpayer fails to fulfill certain obligations, such as submitting returns or complying with notices issued by the Assessing Officer.
This article aims to provide a comprehensive guide to different GST offline tools in India, their uses, and where to find them.
Around 21 million metric tons of mangoes are said to be produced in India in FY 22–23, making it the largest producer of mangoes globally. What is your view on this love story between Indians and mangoes?
In this article, we tried to explore and discuss various aspects of advance tax in India like what it is, when it applies, and how to calculate with examples and pay it timely to avoid any unnecessary interest or penalties.
Do you know about the taxation of foreign stocks under the provisions of the Indian Income Tax Act? Let's elaborate on the same.
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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