Income Tax

Section 44BBD is proposed presumptive taxation scheme for non-resident companies those who will be providing services or technology in India. […]

What is Form 26QB? Form 26QB is a challan-sum-statement used to pay TDS while purchasing an immovable property in India.

What is Section 194A of Income Tax Act? Section 194A of Income Tax Act is applicable on payment of interest

Introduction Section 194LBC was introduced by Finance Act, 2016 with effective from June 1, 2016. It applies to securitization trusts,

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

TDS rates are the percentages at which tax is deducted from various types of payments made to individuals or entities.

The Union Budget 2025-26 has introduced several significant changes aimed at enhancing the financial well-being of senior citizens, particularly concerning

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

The government in Union Budget 2025 has introduced a simplified New Tax Regime, offering zero tax liability up to Rs.

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

TDS on rent refers to the deduction of a certain percentage of tax by the tenant before making a rental

TDS on hotel room rent in India applies under certain conditions as per the Income Tax Act. Budget 2025 UpdateThe