Income Tax

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

Advance tax payment is the amount of Income Tax that pay in advance on the income earned during the year.

New tax regime under section 115BAC of the Income Tax Act was introduced in the 2020 budget by Finance Minister

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

Section 80GGC is a part of Chapter VI-A of the Income Tax Act, 1961 which include deduction towards donations made

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

TDS on cash withdrawal is a tax applied by the government if a person withdraws a large amount of cash

Meaning of Section 194K Section 194K of the Income Tax Act pertains to the deduction of Tax Deducted at Source

Family pension is received by the spouse, children, or legal heirs of a deceased person. It is typically 50% of

The government has introduced the Income Tax Bill 2025, to simplify and consolidate the provisions of Income Tax Act, enhancing

Form 15H is self-declaration forms which can be submitted by resident individuals to their banks or financial institutions to request

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