Author name: Chaitra Seetharam

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

Section 194B of the Income Tax Act requires tax deducted at source (TDS) on earnings from lotteries, crossword puzzles, and

The commencement of the income tax return filing season for the Assessment Year (AY) 2025-26 is approaching, with the process

In India, home loans provide substantial tax advantages as outlined in the Income Tax Act of 1961. These incentives aim

Long-Term Capital Gains refer to the profits earned from selling assets or investments held for more than a specified period,

There has been ongoing debate regarding who should be responsible for conducting tax audits. On one side, Chartered Accountants (CAs)

According to section 194 of the Income Tax Act, the principal officer of an Indian company must deduct tax at

Marginal Relief under the Income Tax Act is a mechanism that aims to prevent individuals or entities from facing excessively

Section 194J of the Income Tax Act in India relates to Tax Deducted at Source (TDS) on payments for professional

Finance Minister Nirmala Sitharaman has revised the income tax slabs in the new tax regime as part of the Union