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Explore the intricacies of Tax Deducted at Source (TDS) under Section 194A for interest payments other than securities. Learn about rates, exemptions, responsibilities, and procedures....

Hello readers, After a long time, today I will discuss important points to keep in mind before filling out ITR: 1. Firstly, don’t rush to file ITR as the AIS (Annual Information Statement) is not yet fully updated on the Income Tax Portal. Wait until 15th June, as there might be information updated later on. […]...

Explore recent tax amendments affecting digital & crypto assets, implications for investors & businesses, and strategies for compliance & strategic planning....

Discover the intricacies of Income Tax Returns (ITR) in India, from types of forms to required documents and compliance measures, ensuring smooth tax filing....

Explore the changes between old and new tax regimes under Sec 115BAC, impacting deductions, exemptions, and filing options. Make informed decisions for your finances....

Explore the purpose of Double Taxation Avoidance Agreements (DTAA) and their interpretation, along with landmark judgments shaping tax treaties....

Explore the implications of the PCIT Vs I.A. Hydro Energy case regarding loan conversion to equity under Section 56(2)(viib) of the Income Tax Act, 1961, highlighting the choice of valuation method with the assessee....

Understand the income of trusts or institutions, including registration, exemptions, and FAQs. Learn about Sections 12A, 12AA, and 12AB of the Income Tax Act, covering voluntary contributions, tax implications, and registration procedures....

Understand tax audit requirements under Section 44AB for AY 2024-25. Detailed analysis for businesses and professionals, including turnover and presumptive taxation rules....

Hassle-free filing of ITR 1 for FY 2020-21. Learn about income sources and due dates. Stay updated on important aspects of income taxes....