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What is Equalisation Levy? Equalisation Levy means the tax leviable on consideration received or receivable...

What is 80G? A donor of a Charitable Trust, Society, NGO or other charitable entity...

The Concept of Updated Return was introduced through the Finance Act 2022, by inserting section...

Section 80JJAA of the Income Tax Act provides deductions for the recruitment of new or...

Get 5% Higher Profits with PKC ProMIS What we offer in PKC ProMIS? Detailed study...

Series: NRI Taxation 101 Article: 02 In the last article we discussed about few basic...

Section Deductee Nature of transaction Threshold(Rs) TDS Rate Remarks 192 R (or) NR Salary  Basic...

Individuals, HUF, AOP/BOI & AJP and Non-Resident Individuals  Net Income Range Rates Up to 2,50,0002,50,001...

In India, the taxability of an individual depends on the residential status for any particular...

Under the Income-tax Act, penalties are levied for various defaults committed by the taxpayer. Some...

A credit-linked subsidy introduced by Ministry of Textiles for Small Scale Industries which aims to...

Section 80EEA What is deduction U/s 80EEA? The section provides an Interest deduction of Rs....