Angel Tax: Impact on Funding Startup in India
Angel tax is levied on unlisted companies who have to pay on the capital they raise through issue of shares. […]
Income Tax Clearance Certificate: Recent CBDT’s Update on ITCC
Income Tax Clearance Certificate (ITCC) is a document which states that an individual has no outstanding pending tax liabilities or
194R TDS: Tax Implications on Business Perks For FY 2024-25
194R TDS applies if any benefits or perquisites given in a business or profession, whether in cash or kind. Who
Long Term Capital Gain: Tax Choices on Immovable Property
Long-term capital gain mean arising from the transfer of long term capital asset. What is a long-term capital asset? A
ITR Refund Scam: Beware and Safeguard Your Wealth
ITR Refund Scam messages have been seen nowadays beware of this scam as fraudsters try to trick people by providing
Fake GST Registrations: Second all-India drive from 16th August
Fake GST registrations are being used to fraudulently pass on input tax credit to unscrupulous recipients by issuing invoices without
Home Loan Tax Benefits: Leveraging for Maximum Tax Relief
Home loan tax benefits allow taxpayers to claim deductions on both principal and interest payments which help to reduce overall
Tax Audit Due Date: Threshold for Businesses and Professions
Tax audit due date for AY 2024-25 is 30th September 2024. What is a tax audit? A tax audit is
Section 194T: New TDS Rules on Payments To Partners Of A Firm
Section 194T is a newly inserted for TDS deduction proposed as per Clause 62 of Finance (No. 2) Bill, 2024.
UPI Transaction Limit: RBI Increased The Limit For Tax Payments
UPI stands for Unified Payment Interface. One of India’s greatest developments, pioneered by the National Payments Corporation of India (NPCI)
Section 80E : Tax Benefit For Education Loan For FY 2024-25
Section 80E of the Income Tax Act allows a tax deduction on the interest paid on education loans for higher
TCS On Car Purchase: Simple Breakdown of the Rules
TCS on car purchase is a provision under the Income Tax Act where dealer or sellers are requires to collect