Income Tax Articles

TDS Provisions under Income Tax Act, 1961

SIDDARTH AGARWAL 15 November 2018 at 11:12

TDS PROVISIONS UNDER INCOME TAX LAW WHAT IS TDS AND PURPOSE OF ITS INTRODUCTION TDS is abbreviated for tax deducted at source which was introduced to collect t..

Leave Travel Allowance Exemption and Tax liability

VISHAL BANSAL 15 November 2018 at 11:12

Introduction-Leave Travel Allowance is given to employee by his employer to cover his travelling expenses when he goes on vacations. Exemption is available for ..

Section 194C: TDS on payment to contractors

Shaurabh Gupta 14 November 2018 at 11:44

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.

How to file revise TDS return

Komal 13 November 2018 at 11:05

I am a CA Final Student and after posting Step by Step Procedure of filing TDS Return, I have been receiving lots of messages and comments and most of them are..

EPF versus VPF versus PPF

VISHAL BANSAL 13 November 2018 at 11:04

EPF - EMPLOYEE'S PROVIDENT FUND, VOLUNTARY PROVIDENT FUND and PUBLIC PROVIDENT FUND are long term investment plans for retirement savings

Eight ways to save Income Tax

VISHAL BANSAL 12 November 2018 at 11:02

See the related post : Comparison between different investment plansSaving Income tax by investing money in smart way is the need of every tax payer. Here are t..

Freelancers can deduct these expenses to cut tax outgo

Anand Krishnakumar 12 November 2018 at 11:01

Under income tax law, freelancers are considered self-employed. Hence, income earned by freelancers is tax

Best Investment Plan for Senior Citizens

VISHAL BANSAL 08 November 2018 at 13:36

Which is the best investment scheme for a Senior Citizen so that he can meet his monthly hou

TDS on payment of rent more than Rs. 50,000 per month by individuals/HUFs

CA. Brijesh Baranwal 08 November 2018 at 13:35

EXISTING LAWThere is an existing provision for deduction of TDS (deduction of tax at source) under section 194-I in the Income Tax Act, 1961 for individuals/HUF..