Blogs
Tax Planning for Salaried Individuals
Introduction to New tax regime From when it is applicable? The Government introduced S.115 BAC...
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Preparation of Reports and submission in Form 61A
Reporting Format: Statement of Financial Transactions (SFT) Relevant Format: Identification of Reportable Transactions Aggregation Rule ...
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DTAA Between India and South Korea
1) TDS on Payments to Non-Residents (Section 195) Any person responsible for paying any...
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Few notable upgrades in Tally Prime
S.NoAspectsDetails or Features1E-InvoiceFlexible to generate E-invoices bulkCapable of updating IRN information in the invoice with...
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Section 115BAA – New Tax Rate for Domestic Companies
Applicability of Section 115BAA? Section 115BAA of Income Tax Act is applicable to all domestic...
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Section 64(1A): Clubbing of Minor’s income
Introduction: Under the Indian tax laws, in addition to your own income, income of your...
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Section 35AD Deduction towards expenditure on specified business
What is section 35AD? Section 35AD provides an investment linked tax incentives on Capital expenditure...
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Income Tax Slab Rate & Surcharge For Ay 2020-21
INDIVIDUAL/HUF/AOP/BOI/AJP : Net income rangeRateUp to Rs. 2,50,000–Rs. 2,50,000 to Rs. 5,00,0005%Rs. 5,00,000 to Rs....
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How an Association of Persons will be taxed
TAXATION OF Association of Persons What is an AOP? (As per Income Tax Act, 1961)...
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List of FAQs on Setoff and Carryforward of Losses
Background: This article mainly focuses on provisions of The Income Tax Act, 1961 and rules...
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FAQs on TDS on purchase of immovable property
List of FAQs on TDS on purchase of immovable property Reason for Introduction of TDS...
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