Learn about the financial implications of late payments to MSME vendors under the MSMED Act and Finance Bill, 2023, and how it affects tax deductions.
Introduction: Tax Collected at Source (TCS) is a crucial element in India’s taxation system, obligating sellers to collect taxes from buyers during the sale of goods. This article provides a comprehensive overview, outlining who needs to deduct TCS, classifications of sellers and buyers, and exemptions applicable. Additionally, recent changes and amendments, including exemptions for non-resident […]
Section 49(2A) of the Income Tax Actprovides specific guidelines for the capital gains tax associated with the conversion of debentures into shares.
Understand TDS deduction in business: rules, exceptions, and penalties. Learn who needs to deduct, when to deduct, and the consequences of non-compliance.
Article explains tax implications for non-residents receiving salary in an Indian account. Legal clarifications, case analyses, and conclusion on tax liability for overseas earned income.
Legal responsibilities of deceased’s representatives in income tax proceedings. Learn about Section 159 and key judgments shaping the assessment process
Income Tax Act के अनुसार, ऐसे taxpayers को Form 15CA और Form 15CB file करना होगा। इनमें पेमेंट का नेचर, तेदस डिडक्शन, और DTAA के विशेषताएं शामिल है। फॉर्म 15CA का Detailed Understanding कैसे क्या है?
Explore the intricacies of Section 54F for capital gains deduction. Learn the conditions, time limits, and nuances to optimize your tax benefits on property sales.
