Income Tax

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

In a significant move to simplify tax compliance and reduce the burden on sellers, the Indian government has announced the

Section 44BBD is proposed presumptive taxation scheme for non-resident companies those who will be providing services or technology in India.

What is Section 194A of Income Tax Act? Section 194A of Income Tax Act is applicable on payment of interest

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 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