Author name: Ram Sharma

Section 44ADA of Income Tax Act means estimating the income of an assessee who is engaged in any profession referred […]

Unified Pension Scheme (UPS) is an important initiative announced on 24th August 2024 by the Narendra Modi government to provide

ITR processing time means the duration it takes after the return has been filed. After ITR has been filed, the

Section 43B(h) of Income Tax Act Finance Act 2023 inserted a new provision u/s 43B i.e., clause (h) which states

Income Tax Clearance Certificate (ITCC) is a document which states that an individual has no outstanding pending tax liabilities or

194R TDS applies if any benefits or perquisites given in a business or profession, whether in cash or kind. Who

Section 194T is a newly inserted for TDS deduction proposed as per Clause 62 of Finance (No. 2) Bill, 2024.

Section 80E of the Income Tax Act allows a tax deduction on the interest paid on education loans for higher

TCS on car purchase is a provision under the Income Tax Act where dealer or sellers are requires to collect

Salaried employee can save up to Rs 17,500 under new tax regime while filing income tax return due to the