Income Tax Articles
Corporate Tax Concession - All you need to know about Form 10IC and Form 10ID of Income tax
Domestic companies get an option to pay their corporate taxes at a concessional tax rate u/s 115BAA and 115BAB of the Income Tax Act, 1961 by filing Form 10IC and Form 10ID pertaining to certain conditions.
What is IEC Code? How to apply for IEC Code?
IEC Code contains a 10 digit number issued by the DGFT, Department of Commerce and Government of India. IEC Code is the same as the PAN of the firm.
All about Equalisation Levy
Equalisation Levy was introduced in India in 2016 via Chapter VIII of the Finance Act 2016, with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India.
Section 194LC | TDS on Income by way of Interest from Indian Company or Business Trust
Discussing Section 194LC of the Income Tax Act which deals with TDS on Income by way of Interest from Indian Company or Business Trust including its meaning, rate of TDS, and nature of payment etc.
How to avail Foreign Tax Credit?
Sections 90 and 91 of the Indian Income Tax Act, 1961 deals with Foreign Tax Credit. Through this article let us understand how to avail Foreign Tax Credit.
A Guide on Form 15CA and 15CB
Foreign remittances are often considered difficult due to compliance requirements. This article will cover the foreign remittances process of submission and compliance.
Exemption u/s 54F of the Income Tax Act
There are various sections under the Income Tax Act, 1961 which provides an exemption from long term capital gain. Through this article let us understand Section 54F.
Section 194LBC | TDS on Income in Respect of Investment in Securitization Trust
Discussing Section 194LBC of the Income Tax Act which deals with the TDS on Income in Respect of Investment in Securitization Trust including its Meaning, Rate of TDS etc.
What is Form 26AS?
Form 26AS is a statement which is maintained by the Department of Income Tax on an annual basis. Form 26 AS contains the details of the tax credit in an account...
Deduction in respect of Interest on Loan Taken for Acquisition of Residential House Property
The maximum deduction allowable is ₹150000/-. The deduction of up to ₹150000/- under section 80EEA is over and above the deduction available under section 24(b) in
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