Section 194IB: TDS on Rent Payments Under the Income Tax Act
Section 194IB of the Income Tax Act, 1961, was introduced to broaden the tax base and ensure compliance regarding tax deductions on...
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Rajesh Kumar Kar
Aug 307 min read
Downloading and Filling Form 26Q and Form 26QE
The income of an individual or an organisation is subject to TDS, or tax deducted at source, as per the Indian Taxation Code. Before...
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Rashmita Choudhary
Aug 227 min read
Section 144 of the Income Tax Act: A Detailed Overview
Assuring that taxpayers pay their fair share of taxes and complete all requirements, tax assessment is a crucial component of the Indian...
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Nimisha Panda
Aug 2215 min read
What is Faceless Assessment Scheme: Understanding Section 144B of the Income Tax Act
India's Faceless Assessment Scheme streamlines income tax filing by doing away with in-person encounters with tax officials. The scheme...
1,0520
Asharam Swain
Aug 1410 min read
Section 119 of Income Tax Act
Employees can claim tax exemptions on certain benefits from their employers under specific sections of the Income Tax Act. However, it’s...
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Rajesh Kumar Kar
Jul 307 min read
What are the Disadvantages of Senior Citizen Savings Scheme?
In India, retirees prefer the Senior Citizen Savings Scheme (SCSS) because of its stability and safety in the long run. Nonetheless, SCSS...
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Rashmita Choudhary
Jul 1713 min read
Section 112A of income tax act: Tax Treatment of Long-Term Capital Gains (LTCG) on Shares
Capital gains  are the proceeds from the sale or transfer of any kind of asset, moveable or immovable. These resources are referred to as...
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Rashmita Choudhary
Jul 1316 min read
Income Tax Updates 2024-25- A Guide for Taxpayers in India
Smt. Nirmala Sitharaman, India's Finance Minister, has proposed specific new changes to the income tax laws in the 2023 budget. Beginning...
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Bhavika Rajput
Jul 95 min read
Income Tax Slabs for Women: Know About Exemptions and Deductions
For women, an income tax slab is the range of income within which a fixed tax rate is imposed. In India, there is no specific...
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Bhavika Rajput
Jul 89 min read
Section 148A of the Income Tax Act- A Comprehensive Overview
Section 148A of the Income Tax Act was introduced in the Budget of 2021. It has brought about a significant transformation in the field...
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