With the recent changes given by the regulators on the Fixed Income side with reference to Banks, this article is an impact study of the same on the FI portfolio.
Corporate tax is a significant source of revenue for the government and is paid by businesses on their income within the country.
As the Cricket World Cup is ongoing, players are under the spotlight for their performance and earnings. How do these players navigate the complexities of the Income Tax Department to ensure they're not stumped financially?
16 October 2023 at 08:40
In this article, we will delve into the significance of ITR for visa and the way it performs a important role for the application process.
The Finance Act 2023 has taken a major step forward by introducing the concept of inventory valuations by Cost Accountants in specific cases, as granted by Section 142(2A) of the Income Tax Act.
13 October 2023 at 09:09
Income Tax Return (ITR) is an important document that reflects an individual's income, taxes paid, and other financial information. Many banks and financial institutions require ITR documents to process and approve loans.
In accordance with Section 192 of the Income Tax Act, 1961, employers are required to deduct TDS (Tax Deducted at Source) from the salary income of employees.
TDS (Tax Deducted at Source) on rent refers to the deduction of a certain percentage of tax by the tenant before making a rental payment to the landlord. The tenant deducts TDS and deposits it with the government. This ensures that the government receives tax revenue on rental income and prevents tax evasion.
Section 35A of Banking Regulation Act, 1949 gives power to RBI to give directions to Banking Companies or Banking Company, as the case may be. The Banking compa..
View and Submit Income Tax Compliance
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