Income Tax

Introduction Section 194LBC was introduced by Finance Act, 2016 with effective from June 1, 2016. It applies to securitization trusts, […]

TDS (Tax Deducted at Source) is a mechanism in which tax is deducted during specific payments, including salaries, rent, professional

TDS rates are the percentages at which tax is deducted from various types of payments made to individuals or entities.

The Union Budget 2025-26 has introduced several significant changes aimed at enhancing the financial well-being of senior citizens, particularly concerning

The Reserve Bank of India’s Liberalized Remittance Scheme (LRS) permits resident individuals to transfer funds overseas for various authorized purposes,

The government in Union Budget 2025 has introduced a simplified New Tax Regime, offering zero tax liability up to Rs.

TDS on rent refers to the deduction of a certain percentage of tax by the tenant before making a rental

Introduction Taxpayers are required to comply with tax laws and regulations, but mistakes, delays, or omissions can lead to penalties.

The Income Tax Department is increasingly using Artificial Intelligence (AI) to combat tax evasion, leveraging advanced technologies to improve compliance

Digitalization is revolutionising the operations of tax administrations by significantly enhancing their capacity to gather, process, and oversee tax-related information.

Share market taxation refers to the taxes which imposed on the buying and selling of shares. The participants in the

Belated Return means the tax return which is filed after the original due date specified by the Income Tax Department.