Income Tax

Income Tax Returns are required to be filed by every individual, company, LLP, NGOs’ , partnerships firms subject to their […]

Dividend Received from Indian Company: A company which has made arrangements for the declaration and payment of dividends (including dividends

This article is regarding higher understanding of treatment of gain or loss from sale of securities. Now, the question arises,

This section cast an obligation on every person responsible for paying any income chargeable to tax under the head “Salaries”

To earn the most is the dream of every person but the only thing which everyone wants to avoid is

In this hard time of pandemic where everyone is concerned about their health and wellbeing, what could be better than

What is the meaning of Standard Deduction under the Income Tax Act? Standard deduction is a fixed deduction of 50,000

Introduction Section 194IB is introduced under Finance Act 2017, which states that TDS will be deducted, if  rent payment exceeds Rs

Concept of deemed owner Under section 27 of the Income Tax Act,1961 In Case an individual transfers any house property

Section 80C is one of the most popular sections amongst taxpayers as it allows to reduce taxable income by making

Introduction Employee who receive salary from employer and who resides in rented houses, can claim the House Rent Allowance to

Many investors started dealing in the security market in the financial year 2020-21 due to lockdown. They must have dealt