If you’re running a non-profit organisation, trust, or NGO in India, you’ve probably come across the term 12AB of Income Tax Act. It might sound like just another bureaucratic regulation,…
The Indian Income Tax Act is packed with rules and provisions that often seem overwhelming for taxpayers. Among them, Rule 46A of Income Tax Act plays a vital role during…
When it comes to managing personal finances, salaried employees often look for every possible way to reduce their income tax burden legally. One of the lesser-known yet significant provisions under…
When it comes to income tax compliance in India, businesses often find themselves entangled in various regulations. One such important section that can impact a taxpayer significantly is Section 271B…
Not all gifts are created equal, nor are they perceived as such. While receiving a gift might seem like a straightforward and joyful experience, the Income Tax Act of India…
You just got a letter from the tax department about your SFT-005 Time Deposit. Your heart skips a beat. What’s going on? Did you do something wrong? Don’t panic! This…
Ever wondered how your colleague manages to pay less tax despite earning similar income? The secret often lies in understanding specific tax provisions like Sec 10 14 i of income…
The Section 10(14)(i) of the Indian Income Tax Act serves as a valuable provision that allows employees to claim tax exemptions on specific allowances paid by their employers. This section…
The world of mergers and amalgamations has become a common strategy for survival and growth; understanding the tax implications becomes crucial. One such vital provision under Indian tax laws is…
If you’re a business owner, CA, or even a startup founder in India, it’s important to understand how tax regulations can impact your finances. One such lesser-known, yet crucial section…