Difference Between Direct Tax and Indirect Tax
Taxes constitute a significant source of earnings for the government of India. Whether you are earning a salary…
Professional Tax – Check Tax Slab Rates, Applicability & Exemption
Being aware of the different taxes that affect your earnings is vital for any individual. One such significant…
Understanding Capital Gains Account Scheme (CGAS): Taxation and Types
Capital gains are an essential aspect of income taxation, and individuals often seek ways to minimize the tax…
How to Save Capital Gains Tax on Sale of Property?
In India, mitigating capital gains tax on land sales involves utilizing provisions like indexation benefits, investing in specified…
Understanding Long-Term Capital Gains Tax and How to Calculate It
Long-term capital gains tax refers to the tax applied on the profits generated from the sale of certain…
What is Tax Evasion? Learn About Its Common Methods and Penalties
Taxes play a vital role in fueling a nation’s growth, funding essential services, and driving social development. Yet,…
What is Form 26QB? – TDS on the Sale of Property
The Income Tax Act of 1961 lays down several guidelines for the sale and acquisition of real estate.…
What is Form 16B? – TDS Certificate for Sale of Property
Form 16B is a TDS certificate issued to buyers for the sale of property, indicating the tax deducted…
Capital Gain Bonds under Section 54EC of Income Tax Act
Capital Gain Bonds, also known as Section 54EC Bonds, are an important investment avenue for individuals looking to…
What is Education Cess? Education Cess Rates & Calculation
Cess is a tax or charge the government imposes to raise additional revenue for a specific purpose. One…