Income Tax Articles

PAN Card: When is it Mandatory for Income Tax?

Posted by CA Rahul Mittal 23 January 2021 2479 Views

Discover when your PAN card is essential for income tax transactions. Learn about specific financial activities requiring PAN or Aadhaar.

TDS on Rent: Understanding Section 194-I

Posted by CA.R.S.KALRA 22 January 2021 11748 Views

Learn about TDS on rent under Section 194-I. Discover rates, thresholds, and when tax deduction is required for landlords and tenants.

NRI Bank Accounts Explained: NRE vs NRO

Posted by CA for NRI 21 January 2021 8104 Views

Confused about NRI bank accounts? Discover the differences between NRE and NRO accounts for NRIs and PIOs, and understand repatriation and tax implications.

TDS on Lottery Ticket Commission: Section 194G Explained

Posted by CA.R.S.KALRA 21 January 2021 2856 Views

Understand Section 194G TDS on commission for lottery tickets. Learn deduction rates, threshold limits, and when tax must be deducted.

TDS on National Savings Scheme Payments: Section 194EE

Posted by CA.R.S.KALRA 21 January 2021 2748 Views

Understand Section 194EE for TDS on National Savings Scheme payments. Learn when to deduct tax, rates, and exemptions, including thresholds and payments to heirs.

TDS on Payments to Non-Resident Sportsmen: Section 194E

Posted by CA.R.S.KALRA 20 January 2021 3302 Views

Understand TDS under Section 194E for payments to non-resident sportsmen, entertainers, and sports associations in India. Learn deduction rates and timings.

Deferred Tax Assets & Liabilities Explained

Posted by Neethi V. Kannanth 20 January 2021 19062 Views

Understand deferred tax assets and liabilities. Learn how timing differences impact your tax obligations and financial statements.

Derivative Trading Tax: Understand Your UK Tax Obligations

Posted by Kanj 19 January 2021 5243 Views

Confused about derivative transaction tax? Learn how profits are calculated and understand your tax obligations under UK income tax law. Consult a tax advisor.