Residential Status

Residential Status

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

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penalties for assessment

PENALTIES FOR ASSESSMENTS UNDER INCOME TAX ACT

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

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New Tax Regime

NEW TAX REGIME – 115BAC

Written By - PKC Desk, Edited By - Saraswathi, Reviewed By -  Sanjana What is new tax...

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Foreign Tax Credit

FOREIGN TAX CREDIT

Written By - PKC Desk, Edited By - Saraswathi, Reviewed By -  Sanjana What is double taxation?...

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Capital gains excemption

CAPITAL GAINS EXEMPTION (SECTION 54)

Written By - PKC Desk, Edited By - Saraswathi, Reviewed By -  Sanjana Profits or gains arising...

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income tax act deductions

ALL ABOUT INCOME TAX ACT DEDUCTIONS

Written By - PKC Desk, Edited By - Abhinand, Reviewed By -  Aakash Deductions under Chapter VIA...

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Technology upgradation scheme funds

AMENDED TECHNOLOGY UPGRADATION SCHEME FUNDS

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

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annual information statement

ANNUAL INFORMATION STATEMENT (AIS)

Written By - PKC Desk, Edited By - Abhinand, Reviewed By -  Aakash ANNUAL INFORMATION STATEMENT (AIS)...

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presumptive taxation scheme

Section 44AD & 44ADA: PRESUMPTIVE  TAXATION ­SCHEME

Written By - PKC Desk, Edited By - Abhinand, Reviewed By -  Aakash The presumptive taxation scheme...

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section 194M of income tax

Section 194M of Income Tax Act, 1961

Written By - PKC Desk, Edited By - Abhinand, Reviewed By -  Aakash What is section 194M?...

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Interest Paid on Home Loan

MAXIMUM DEDUCTION OF RS.3.5 LAKHS FOR INTEREST PAID ON HOME LOAN – Here’s how you can claim

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

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small business overspend

6 Common Areas Where Small Businesses Overspend

Written By - PKC Desk, Edited By -  JainShoba, Reviewed By -  Balaji Prasad One area where...

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