Tax Audit Due Date: Threshold for Businesses and Professions
Tax audit due date for AY 2024-25 is 30th September 2024. What is a tax audit? A tax audit is […]
Income Tax
Section 194T: New TDS Rules on Payments To Partners Of A Firm
Section 194T is a newly inserted for TDS deduction proposed as per Clause 62 of Finance (No. 2) Bill, 2024.
TCS On Car Purchase: Simple Breakdown of the Rules
TCS on car purchase is a provision under the Income Tax Act where dealer or sellers are requires to collect
Salaried Employees to Save Upto Rs 17500 with New Tax Changes
Salaried employee can save up to Rs 17,500 under new tax regime while filing income tax return due to the
Seventh Proviso to Section 139(1): Mandatory ITR Filing for High Value Transactions
Seventh Proviso to Section 139(1) of the Income Tax Act, 1961, added with effective from 1st April 2020. It mandates
TDS on Contractor: Key Insights into Section 94C of IT Act
TDS on Contractor is a tax mechanism where the payer deducts a certain percentage as tax when making payments to
E-Tax Payment: How to Pay Tax online on the Income Tax Portal?
E -Tax Payment allows taxpayers to remit their taxes online by electronically through authorized channels, such as internet banking, mobile
Gratuity Calculation Formula : Step by Step Guide with Example
Gratuity is a statutory benefit paid to the employees as a token of appreciation for their service to the organization.