How Can You Legally Bypass Restrictions Under Section 79 of Income Tax Act?
Section 79 of the Income Tax Act is an important provision that impacts the carry forward and set-off of losses for a company. If you are running a business and…
Income Tax
How to Check If Your Income Tax Notice 143(1)(a) Is Correct?
Getting a notice from the Income Tax Department can make anyone nervous, especially when it’s labelled Income Tax Notice 143(1)(a). But before you start worrying, it’s important to understand what…
How Does Section 201 of Income Tax Act Impact TDS Defaulters?
If you’re a business owner, accountant, or someone dealing with taxes, then TDS (Tax Deducted at Source) is not a new term for you. But what happens when TDS isn’t…
How Does Section 144B of Income Tax Act Change Income Tax Proceedings?
In recent years, India’s tax system has gone through a major digital shift. One of the most significant changes is the introduction of Section 144B of Income Tax Act. This…
How to File TDS Under Section 192b TDS Correctly?
Filing TDS (Tax Deducted at Source) under Section 192B TDS is a critical responsibility for employers in India. This section governs the deduction of tax from the salary paid to…
How Is the 194JA TDS Rate Calculated for Professional or Technical Services?
When it comes to managing finances in a business, especially for professionals and technical service providers, understanding tax implications is crucial. One such important aspect is the 194JA TDS rate,…
How Does Section 220(2) of Income Tax Act Affect Outstanding Tax Demands?
In India, the Income Tax Department has set clear rules when it comes to the payment of taxes. One such rule that many taxpayers often overlook until it’s too late…
When Can the Income Tax Department Invoke Section 271(1)(c) of the Income Tax Act?
Income tax compliance is a critical responsibility for businesses and individuals in India. With a complex tax structure, it’s not uncommon for taxpayers to face scrutiny from the Income Tax…
What Are the Pros and Cons of Choosing 115BAA of Income Tax Act?
When it comes to managing taxes for your business, especially as a domestic company, there’s no one-size-fits-all approach. With evolving tax regulations, one of the most talked-about sections in recent…
How Does Section 6 of Income Tax Act Impact Your Online Billing Software Compliance?
In today’s fast-paced digital economy, businesses—especially SMEs—are moving towards digitizing their invoicing and compliance processes. From GST to TDS, everything now needs to be filed electronically, and this has made…