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…
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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…
Company Incorporation Under the Companies Act, 2013
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…
What to Do If Your Income Tax Refund is Delayed
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…
Income Tax Rebate Under Section 87A
Hello Readers….! Today, we are going to understand the Income tax rebate under Section 87A for FY 2023-24 (AY 2024-25) Reducing Your Tax Liability with Section 87A Rebate For FY…
Income Tax Slab For Senior Citizen & Super Senior Citizen FY 2023-24 (AY 2024-25)
Hello Folks!!! In this blog, we are going to discuss the Income tax slab for Senior & Super Senior Citizen. Budget 2024: Revised Tax Slabs and Benefits In the 2024…