Small Trusts and Institutions are non-profit organisations—charitable trusts, religious trusts, educational societies, and NGOs—operating with limited assets, income, or beneficiaries. […]
The Finance Act 2023 amended Section 115BAC, making the new tax regime the default option from AY 2024-25 (FY 2023-24
Rebate of income tax in case of certain individuals- “An assessee, being an individual resident in India, whose total income
India boasts the world’s second-largest road infrastructure, with its National Highways extending over 146,195 kilometres. In the fiscal year 2023-24,
Section 194P of the Income Tax Act of 1961 provides conditions for exempting Senior Citizens from filing income tax returns
You might have read the news of GST applicability for food delivery apps a couple of months back. Food delivery
Income is taxable under the head ‘house property’ if it arises from a property of any building or land appurtenant
Form 26Q is an essential document for reporting Tax Deducted at Source (TDS) on payments unrelated to salaries in India.
As per section 194BB of the Income Tax Act of 1961, Winnings from horse race― Any person, being a bookmaker
As per Section 271C of the Income Tax Act 1961, states that the “Penalty for failure to deduct tax at
MSME refers to Micro, Small, and Medium Enterprises, which are classified according to size, investment, and revenue. These businesses are
Section 194B of the Income Tax Act requires tax deducted at source (TDS) on earnings from lotteries, crossword puzzles, and