Capital Gain Taxation (Detailed Explanation) with Tax rates and examples
What is Capital Gain: Capital gains refer to the profits earned from the sale of a capital asset. Such profits …
Income Tax
TDS & TCS Due Date of Payment and Returns, Late fee, Interest & Penalty
Due Date of Payment of TAX Deducted at Source (TDS): The due date for the payment of TDS (Tax Deducted …
Form 10E – Arrear of Salary Relief u/s 89
Form 10E is a document that needs to be submitted online for claiming relief under section 89 of the Income …
Section 80C – Detailed explanation
Deduction in respect of life insurance premium, deferred annuity, contributions to provident fund, subscription to certain equity shares or debentures, …
Advance Tax
What is Advance Tax Advance Tax is a mechanism to collect tax in instalments by the government. As per section …
New Form 10IEA – For optin or optout Old Slab Rate from FY 2023-24 onwards
Notification No. 43/2023 Dated 21st June 2023 notified new form 10IEA for optin and opt out old slab rate from …
TDS Rates chart FY 2023-24
[For Assessment year 2024-25] Particulars TDS Rates (in %) 1. In the case of a person other than a company …
Income Tax Audit limit F.Y. 2023-24 & A.Y. 2024-25 as per Finance act 2023
First we understand Current Provision of – Section 44AB – Section 44AD – Section 44ADA Section 44AB: COMPULSORY AUDIT OF …
Tax on Virtual Digital Assets (Crypto currency)
Bitcoin, invented by an individual or group known as Satoshi Nakamoto, was the first cryptocurrency to enter the market in …
Benefits to file Income Tax Return
An Income Tax Return (ITR) is a form used by individuals to report their income and assets to the tax …
