Income Tax

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

NPS Vatsalya Scheme allows parents or guardians to open a National Pension System (NPS) account for their children, ensuring long-term

Meaning “Tax year” refers to a twelve-month period which follows the financial year. Financial year begins on 1st April and

Direct Tax Code is a proposed legislation set to modernize, simplify and align India’s tax law into a single code

Major development is going to happen, a new income tax bill to be tabled today in the Union Cabinet Meeting.

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

In a significant move to simplify tax compliance and reduce the burden on sellers, the Indian government has announced the

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,