Section 16- Standard Deduction, Entertainment Allowance, and Professional Tax: Unraveling the Tax Web with Automatic 100 Employees Form 16 Part B Preparation for the FY 2023-24
In the realm of cross-border transactions involving payments to non-residents, Tax Deducted at Source (TDS) plays a crucial role, especially under Section 195 of the Income Tax Act. A landmark case shedding light on the application of Section 195 is the Engineering Analysis Centre of Excellence (P) Ltd. vs. Commissioner of Income Tax & Anr.
In this article, we will learn what ITR form 5 is and how to file it.
This article guides you through the process, ensuring accuracy, efficiency, and compliance.
A recent press release from the Income Tax Department reveals a major crackdown on a business group operating in Odisha, Jharkhand, and West Bengal.
The Central Board of Direct Taxes (CBDT) has recently released the Income-tax (Twenty-Ninth Amendment) Rules, 2023, making significant changes to how intra-group loans are treated for tax purposes.
Download Automatic Income Tax Arrears Relief Calculator U/s 89(1) with Form 10E for the FY 2023-24
Whether jewellery found during a search at an HNI's premises could be considered unexplained income under section 69A of the Income-tax Act, 1961.
Using Form 12BB, an employee has to declare the investments that they have made during the year. Documentary evidence of these investments and expenses has to be provided at the end of the financial year as well.
In this article, we will delve into the nitty-gritty of preparing Form 16 Part B and Part A&B in Excel for the Financial Year 2023-24.