Business owners often have difficulty in determining what constitutes taxable business income and what does not. This is where Section 28 of Income Tax Act comes into play which is…
E-commerce has revolutionized the way that businesses sell goods and services in India. With this shift, 194o of Income Tax Act makes clear provisions on the taxation at source of…
Many business owners get confused when sudden credits reflect in their books and the source of the same is questioned by tax officers. This is where Section 68 of Income…
The meaning of salary often gets confused for the employees & payroll team. Many terms sound similar but have different tax implications. The section 17(1) of Income Tax Act brings…
When income is taxable as per Section 9 of Income Tax Act is very important for businesses and individuals in India. This section describes the requirements when income, earned both…
Charitable trusts in India are always seeking to focus on passing on the benefit of composing a clearly defined pathway for reducing its tax outflow in a completely compliant way.…
Investors happen to get confused with TDS on income from mutual fund units and specified securities. Understanding the rule under 194K of Income Tax Act avoids errors at the time…
The issuance of a notice under Section 54b of Income Tax Act often indicates that there are problems in previous incomes and their data need to be given fresh look.…
Understanding the rules and procedures of benefiting consecisional taxation under Section 115H of Income Tax Act is essential for taxpayers who wish to follow these requirements. This section is applicable…
Choosing the appropriate tax regime will have a strong impact on your savings and financial planning. For many Indian taxpayers and small business owners, it is very important to understand…
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