Understanding Sections 194-IB & 194-IC Under the Income Tax Act
Hello Folks, Today, we are going to discuss about, Sections 194-IB & 194-IC Under the Income Tax Act The Income Tax Act includes provisions for tax deduction at source (TDS)…
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Short Term Capital Gain on Shares (Section 111A of Income Tax Act) – STCG Tax Rate & Calculation
Hello Folks, Today, we are going to discuss about the, Short Term Capital Gain on Shares (Section 111A of Income Tax Act) - STCG Tax Rate & Calculation When you…
Section 54F of the Income Tax Act: Invest Your Capital Gains Multiple Times in a New Residential House
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…
Understanding Sections 194-IB & 194-IC Under the Income Tax Act
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 – TDS on Rent: A Simple Guide
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…
Short Term Capital Gain on Shares (Section 111A of Income Tax Act) – STCG Tax Rate & Calculation
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…
Pros and Cons of the Goods and Services Tax
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…
Section 54F of the Income Tax Act: Invest Your Capital Gains Multiple Times in a New Residential House
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: How to Download Your ITR-V from the Department Website
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…
Foreign Remittance Tax: What You Need to Know
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…