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Cost of Acquisition: A Detailed Overview
Cost of acquisition is the term used to describe the expenses made by an individual or corporation in the process of purchasing an asset....

Asharam Swain
Sep 19, 20248 min read
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Collection and Recovery of Tax in India: Understanding the Mechanisms and Legal Framework
The collection and recovery of taxes are fundamental processes that ensure the government has the necessary funds to provide public...

Rashmita Choudhary
Sep 18, 202410 min read
3,394
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Form 3CE Explained: Essential Insights for Non-Residents in India
Form 3CE is a crucial document in the Indian tax landscape, specifically tailored for foreign companies and non-residents receiving...

Asharam Swain
Sep 18, 20246 min read
140
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Capital Gains Account Scheme (CGAS): A Detailed Overview
Selling a capital asset results in capital gains. AÂ capital gain is the sum of money you get on the sale of a capital asset. The Capital...

Indrajeet Sharma
Sep 18, 202411 min read
4,161
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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...

Asharam Swain
Sep 18, 20248 min read
1,463
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Group Gratuity Schemes Explained: Comprehensive Insights for Employers and Employees
In the landscape of employee benefits, Group Gratuity Schemes stand out as a significant financial tool for employers in India. These...

Nimisha Panda
Sep 13, 20248 min read
652
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Obtaining Income Tax Assessment Order: A Detailed Guide
Section 2(24) of the Income Tax Act 1961 defines income, while Section 2(43) defines tax. According to these definitions, income tax is...

Asharam Swain
Sep 12, 20247 min read
3,386
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Chapter VI (A) of the Income Tax Act: Know the Deductions Available
Chapter VI (A) income tax deductions allow taxpayers to claim deductions for certain investments, costs, and donations made throughout...

Nimisha Panda
Sep 10, 20249 min read
2,886
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What is Cess: A Comprehensive Guide for Taxpayers
A special tax known as a cess is imposed in addition to other taxes already in place. Funds are raised by the central government for...

PRITI SIRDESHMUKH
Sep 10, 202412 min read
438
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Arrear Salary: Understanding Taxability and Relief
Employees may get salary  arrears for the current year for any outstanding balances from previous years in a variety of situations to...

PRITI SIRDESHMUKH
Sep 9, 202410 min read
1,359
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