Income Tax

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

Income Tax for Senior Citizens above 75 years are exempt from paying income tax. Who are called Senior Citizens? Senior

Introduction Taxpayers are required to comply with tax laws and regulations, but mistakes, delays, or omissions can lead to penalties.

The Income Tax Department is increasingly using Artificial Intelligence (AI) to combat tax evasion, leveraging advanced technologies to improve compliance

Digitalization is revolutionising the operations of tax administrations by significantly enhancing their capacity to gather, process, and oversee tax-related information.