TCS u/s 206C (1H) will be applicable w.e.f 1st October 2020. Understand the provisions of the section here.
The Finance Bill 2020 has introduced a new Section 194-O to mandate Electronic Commerce Operators for deducting TDS. Let us understand the provision
Various perks and allowances are offered to the officials by the PSU's. Let us discuss how they are taxed under the Income Tax Act, 1961.
The telecom major Vodafone won a long-pending case against the Indian government in an international court over Rs.22, 000 crore in a retrospective tax dispute. Let's take a look at what happened.
The income of a previous year is assessed in the assessment year following the previous year. However, there are certain exceptions to this rule. Let us understand those.
Understanding section 68 of The Income Tax Act, 1961 with case laws and illustrations.
There are numerous situations under which it is not possible to find out the real person to access tax on, due to various reasons. Read the article to know who may be liable under these circumstances.
The Faceless Appeal Scheme, 2020 came into effect via a notification dated 25.09.20. Know all about the scheme here.
House Rent Allowance (HRA) is the second component that is found in each payslip after the basic salary. There are numerous doubts regarding this provision. Some of the popular questions have been answered in our article.
As per section 32 of the Income Tax Act, 1961, depreciation is allowed on tangible assets and intangible assets owned, wholly or partly, by the assessee and used for the purposes of business or profession.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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