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Hello Folks, Today, we are discussing about the Section 54F of the Income tax act, so let's begin, The Income Tax Act offers an exemption on long-term capital gains if…
The Income Tax Act includes provisions for tax deduction at source (TDS) on rent payments and payments related to joint development agreements. Section 194-IB focuses on TDS for rent, while…
Section 194I of the Income Tax Act explains how to deduct Tax Deducted at Source (TDS) on rent payments. This section is meant for individuals or businesses paying rent for…
When you sell shares and make a profit, it is called capital gains under the Income Tax Act. These capital gains can be either short-term or long-term, depending on how…
The Goods and Services Tax (GST) is considered one of the most significant tax reforms in India. It combines several indirect taxes like excise, VAT, and service tax, all under…
The Income Tax Act offers an exemption on long-term capital gains if you reinvest the proceeds into a new residential property, provided certain conditions are met. Recently, the Income Tax…
Form ITR-V, or the Income Tax Return-Verification Form, is a crucial document for taxpayers who file their Income Tax Returns (ITR) online without using a digital signature. This single-page form…
The Union Budget 2023 introduced several significant changes aimed at guiding the country through its Amrit Kaal, but it also brought an increase in foreign remittance tax rates, which could…
The Companies Act, 2013 governs the entire process of company incorporation in India, including the issuance of the company registration certificate. A business in India cannot legally operate without first…
Timely filing of your income tax return generally leads to quicker refunds. However, various factors can sometimes delay the process. Understanding the reasons behind these delays and the actions you…