In the dynamic realm of income taxation, the process of reassessment has witnessed significant legal amendments aimed at striking a balance between taxpayer rights and revenue interests. Recent changes, particularly those introduced by the Finance Acts of 2021 and 2022
Section 201(1) of the Income Tax Act establishes that a person responsible for deducting TDS (Tax Deducted at Source) on distributed income is deemed an "assessee in default" if they fail to deduct or pay the TDS.
28 November 2023 at 08:59
The content in this article includes eligibility requirements under Section 206 of TCS, the deadline for submitting TCS, and a definition of Section 206 of the Income Tax Act.
In this article, the author gives a deep analysis into the world of work rules for availing the Payment of Gratuity Act, 1972.
Tata Technologies IPO has created a buzz in the financial markets. The taxpayers are very eager to know more about the concept of IPO, so please shed light on the same.
Aadhaar is a unique identification number issued to Indian citizens. The Aadhaar card, which contains personal information like name, address, gender, age, photograph, fingerprints etc which serves as a crucial proof of identity.
The ITR-U form plays a significant role in allowing taxpayers to correct and revise their financial information, ultimately contributing to a more precise and reliable tax reporting system.
Applicable to: Individual or Hindu Undivided Family (HUF)
In this article, we'll delve into the historical context of taxation, explore its adaptation to the digital era, and discuss the future trends that individuals and businesses need to be aware of.
This article aims to provide a comprehensive overview of the tax treatment of HRA received from employers in India.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
