Discover the rates of income tax for various entities and explore special tax rates applicable to short-term and long-term capital gains. Learn how to calculate the cost of acquisition using the cost inflation index and purchase year.
Understanding who needs accounts audited under Section 44AB of the Income Tax Act, 1961. Explore the criteria for businesses and professionals, recent amendments, and exemptions. Get insights into the obligations, audit thresholds, and implications of non-compliance. Stay informed about changes in audit requirements for different entities.
Learn about submitting Form No 15G/15H under Section 194A of the Income Tax Act, 1961. Discover eligibility, conditions, and distinctions between Form No 15G and Form No 15H.
Learn about the meaning of donation under the Income Tax Act, 1961, and explore the types of donations, deductions, and conditions for claiming them in India.
Explore Section 192 of the Income Tax Act, 1961, outlining TDS on Salary. Understand the definition of salary, permissible deductions, and the employers responsibility in tax deduction at source.
Stay vigilant, trustees of charitable trusts! Navigate through Income Tax Act amendments, budget impacts, and compliance nuances affecting your trust’s operations. Essential insights for smooth trust management.
Unlock insights into Income Tax Act 1961 Chapter VIA exemptions. From Section 80C to 80U, explore deductions for individuals, HUFs, and companies. Stay informed on recent changes for comprehensive tax planning.
Stay informed about the TDS rates for the Financial Year 2023-24 (Assessment Year 2024-25) in India. Understand the rates applicable to different payments, thresholds, and considerations. Ensure compliance with the TDS Rate Chart for the new financial year.
Learn about the tax exemptions enjoyed by educational and medical institutions and the implications for other charitable organizations.
Discover the significance of nomination in your investments – Mutual Funds, Insurance, PPF, and Bank Accounts. Ensure your funds are safeguarded for your legal heirs.
