Section 194Q of Income Tax Act: TDS on Goods Purchase
In the year 2021, a new section was added to the TDS family. Being applicable from 1 July…
Why Is the GST Portal Not Working? 5 Common Reasons
You may want to access the GST site for filing tax returns or making tax-related queries, but are…
OLTAS: Pay Direct Taxes Easily
The full form of OLTAS is On-Line Tax Accounting System which is an online system operated by the…
Tax on Income from House Property
Owning a house property is accompanied with plenty of responsibilities, one of them is paying house property income…
Section 194i: Understanding TDS on Rent
As businesses evolve and regulations adapt, professionals must stay updated with changes in taxation laws. Among the web…
What is Tax Avoidance? Is It Different From Tax Evasion?
Tackling taxes can sometimes make you feel lost, with rules and regulations hitting you around every corner. Among…
A Complete Guide to Claiming TDS Refund on a Fixed Deposit
Traditionally, the interest earned from a fixed deposit or FD attracts tax in India once it crosses the…
Annual Information Statement (AIS): What is AIS, How to Check and Submit Feedback?
Picture this: a comprehensive document that neatly organizes and presents all your financial details in one place. Sounds…
Taxable and Non-Taxable Allowances for Salaried Individuals in India
Allowances in a salary refer to additional amounts paid to employees, often beyond the basic salary, to cover…
Section 80CCD: A Guide to Tax-Saving Benefits
Section 80CCD in India is a part of the income tax law that encourages people to save for…