Income Tax

New Tax Regime was introduced in the Finance Act 2020 and effective from FY 2020-21. Section 115BAC offers a simplified […]

Section 194Q, introduced via the Finance Act 2021 and effective from 1st July 2021, mandates Tax Deducted at Source on

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

Easy Loan Approvable The income stability of the borrower is critical for the lender. For which borrowers must submit an

Short-Term Capital Gain are the profits which arises when you sell a capital asset (such as stocks, mutual funds, or

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

Section 194LA of the Income Tax Act 1961 is a provision that deals with the deduction of Tax Deducted at

The first step is choosing between the new tax regime and the old tax regime, as this decision impacts your

Statutory Audit Meaning A statutory audit is a compulsory audit of the financial records of a business conducted by an

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

The Income Tax Bill 2025 may grants IT Department the right to access taxpayer’s digital spaces. Legal Basis As per

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