Treatment of income from different sources Each income has different source of earning and so the provisions for its taxability. Income-tax Act provides for five heads of incomes for computation of taxable income, viz., Salary, Income from House Property, Income from Business or Profession, Capital Gain and Residual Income. Provisions contained under each head of […]
Income-tax Act contains special provision for taxability of a non-resident person, including a foreign company. A few benefits are extended to non-residents by these provisions, inter-alia, global income of a non-resident is not taxable in India, various interest income are not taxable in India and so forth. This document gives a brief introduction to those provisions which provides certain benefits to a non-resident.
Learn about income tax benefits for salaried individuals in A.Y. 2024-25. Explore allowances, perquisites, and deductions available to employees
Article contain all benefit available to Small Businessmen including provisions for Presumptive Taxation Scheme, Various deductions available from business profits, Maintenance of books of accounts and audit thereof, Exemptions and Deductions, Tax Deducted at Source and Advance Tax, Basic exemption limits, Concessional tax rate for domestic company and Exemption from e-filing of return of income.
A resident person is chargeable to tax in respect of his global income. If Income-tax Act enlarges the scope of taxable income of a resident person, it extends certain benefits and privileges to a resident person as well, inter-alia, an option to compute income on presumptive basis
Explore tax benefits available to individuals and HUFs for AY 2025-26, including exemptions, rebates, and allowances under various sections of the Income Tax Act.
Depreciation Rate Chart under Companies Act, 2013 as per SCHEDULE II, including useful lives for computation. Analysis of Schedule II and guidelines for assets.
Rates of depreciation applicable for income tax purposes from assessment year 2003-04 to 2025-26. This guide includes rates for tangible and intangible assets, providing valuable insights for taxpayers.
Indian investors face various tax obligations, including capital gains tax, dividend tax, and regulations related to foreign currency. Understanding taxes on US stocks from India can be difficult, but it’s important for anyone looking to invest in the US market.
Understand how DIR-3 KYC and DIR-3 KYC(Web) ensure transparency, prevent fraud, and maintain accurate Director identification in corporate governance.
