Income Tax

Taxation on Gratuity under the head “Salaries” in the hands of the employee. However, there is an exemption limit of […]

INCOME TAX ADVANCE RULING: MEANING AND PROVISIONS A resident taxpayer may have some taxation issues in respect of a transaction

TDS Relaxtion u/s 194I pertains to TDS (Tax Deducted at Source) on rent. According to this section, any person responsible

SECTION 194IA: PAYMENT ON TRANSFER OF IMMOVABLE PROPERTY Provisions of Section 194-IA: (1) Any person, being a transferee, responsible for paying

SECTION 285BA- HIGH VALUE TRANSACTIONS & MANDATORY RETURN FILING Statement of Financial Translations or SFT refers to information related to

Restrictions on Deposits & Advances and Cash  loans under the Income Tax Act, which aim to curb the use of

Rectification of mistakes allows taxpayers to rectify mistakes or errors in their previously filed tax returns or other documents submitted

EVERYTHING ABOUT PRESUMPTIVE TAXATION SCHEME What is the meaning of presumptive taxation scheme? As per sections 44AA of the Income-tax

New Registration for Trust & Societies is announced by Finance Ministry. Finance Ministry has notified rules for implementation of these

Aadhar must link with PAN has been compulsory for  those persons who obtained PAN before July 1, 2017 to avoid