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The new Annual Information Statement (AIS) on the Compliance Portal, which gives taxpayers a comprehensive perspective of their financial...

Section 54F of the Income Tax Act opens up an important possibility for those taxpayers who wish to invest their capital gains   in...

Form 16 part A and Form 16A, or Form 16 part B and Form 16B, are frequently mistaken as the same by people. These variants, however, are...

Section 194M of the Income Tax Act is an important section because it directs the levy of TDS on certain payments by individuals or ...

Co-operative societies play a very important role in developing the community and economic association among their members. These are...

The Income Tax Act, 1961's Section 276B addresses situations in which people have neglected to give the Central Government of India the...

Form 16 is the most important document for every salaried person in India. It is issued by the employers, detailing an employee's salary...

For those earning above 15 lakhs annually, efficient tax planning is an important component of maximizing take-home pay and minimizing...

Income tax deductions are very complicated, and understanding each of them can make a big difference in the amount of taxes you pay. For...

To help taxpayers make an informed decision, an Excel-based tax regime calculator can do wonders. This tool will assist the taxpayers in...