Author name: Chaitra Seetharam

Section 194P of the Income Tax Act of 1961 provides conditions for exempting Senior Citizens from filing income tax returns […]

Income is taxable under the head ‘house property’ if it arises from a property of any building or land appurtenant

Form 26Q is an essential document for reporting Tax Deducted at Source (TDS) on payments unrelated to salaries in India.

As per section 194BB of the Income Tax Act of 1961, Winnings from horse race― Any person, being a bookmaker

As per Section 271C of the Income Tax Act 1961, states that the “Penalty for failure to deduct tax at

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)