Author name: Chaitra Seetharam

Section 194B of the Income Tax Act requires tax deducted at source (TDS) on earnings from lotteries, crossword puzzles, and […]

The commencement of the income tax return filing season for the Assessment Year (AY) 2025-26 is approaching, with the process

In India, home loans provide substantial tax advantages as outlined in the Income Tax Act of 1961. These incentives aim

Long-Term Capital Gains refer to the profits earned from selling assets or investments held for more than a specified period,

There has been ongoing debate regarding who should be responsible for conducting tax audits. On one side, Chartered Accountants (CAs)

According to section 194 of the Income Tax Act, the principal officer of an Indian company must deduct tax at

Marginal Relief under the Income Tax Act is a mechanism that aims to prevent individuals or entities from facing excessively

Section 194J of the Income Tax Act in India relates to Tax Deducted at Source (TDS) on payments for professional

Finance Minister Nirmala Sitharaman has revised the income tax slabs in the new tax regime as part of the Union

TDS (Tax Deducted at Source) is a mechanism in which tax is deducted during specific payments, including salaries, rent, professional

The Reserve Bank of India’s Liberalized Remittance Scheme (LRS) permits resident individuals to transfer funds overseas for various authorized purposes,

Budget 2025 Update Time Limit The time-limit for filing updated returns has been extended: Taxpayers can file an updated return