What is Future & options (F&O) and How to calculate Turnover for Future & Options from 2023
Method to calculate Turnover for Future and Options is not prescribed under Income Tax Act’1961,So Guidelines provided by ICAI followed …
Income Tax
New TCS Rates applicable from 1 October 2023
Increased TCS rates to apply from 1 October, 2023: The increase in TCS rates, which were to come into effect …
SECTION 80DDB (Deduction in respect of expenditure on medical treatment of specified diseases)
As per section 80DDB, a taxpayer can claim deduction in respect of expenditure incurred by him on medical treatment of …
Section 80DD:Deduction in respect of expenditure on medical treatment of a dependent, being a person with disability
A resident individual/HUF, incurring expenditure on maintenance of relative dependent, being a person with a disability, can claim deduction under …
Section 80D : Deduction in respect of medical insurance premium
Payment of premium on life insurance policies and health insurance policies not only secure your life and give insurance coverage, …
Depreciation Rates as per Income Tax Act 1961
Rates of Depreciation Join our Practical Income Tax, ITR & TDS Course: with lifetime validity:
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 …
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, …
