Retail Software
Distribution Software
Retail Chain
What Transactions Fall Under Section 68 of Income Tax Act?
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…
Income Tax Act
Why is Section 17(1) of Income Tax Act Important for Taxpayers & Employers?
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 is Income Taxed in India Under Section 9 of Income Tax Act?
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…
Who Should Pay TDS Under Section 194K of Income Tax Act?
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…
What Documents Are Needed for Section 54b of Income Tax Act?
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.…
How do DTAA rates influence the TDS rate under Section 195 of Income Tax Act?
Indian businesses for overseas payments reactions are often not easy to understand how tax rules apply to them under section 195 of income tax act. Cross border payments have a…
How has Section 79 of Income Tax Act Evolved in Recent Amendments?
The section 79 of Income Tax Act provides the guidelines for carrying forward and setting off losses arose when there is a change in shareholding. It was initially structured as…
What are the Limits of Remuneration Under Section 40B Income Tax Act?
The section 40B is very crucial for the partnership firms and the accountants in India. This option defines how the remuneration, paid to the partners, will be treated as a…
What is the Difference Between Section 2711C and Standard Late Filing Penalties?
From small necessity shops to rising startups, several Indian businesses are purely exposed to fines for lacking truthfulness or filing their taxes on schedule. These fines are often the result…
How Do Taxpayers Calculate Indexed Cost Under Section 55(2) of Income Tax Act?
The Section 55 2 of Income Tax Act deals with determining the indexed cost of acquisition of long-term capital assets by the taxpayer. ESA If you sell property, stock, or…