Section 194-IB: Understanding the Essentials of Rental Income Tax Deduction
Welcome to the comprehensive guide on Section 194-IB, which is crucial for tenants who are paying a monthly rent exceeding 50,000. We will try to break down this section to…
Welcome to the comprehensive guide on Section 194-IB, which is crucial for tenants who are paying a monthly rent exceeding 50,000. We will try to break down this section to…
The landscape of international transactions has recently witnessed an important reshaping through the Supreme Court of India’s ruling on offshore software purchasing. The ruling has brought clarity to the ambiguity…
Tax Deducted at Source (TDS), a critical component of India’s taxation system, acts as a method for collecting tax at the source of income. Here’s what you need to know:…
In the realm of tax-related procedures in India, one term you’ll come across frequently is the Tax Deduction and Collection Account Number, commonly referred to as TAN. But what exactly…
Tax Deducted at Source (TDS), a requirement under the Income-tax Act, 1961, is an integral part of India’s taxation framework. TDS is a method wherein the government can make tax…
In today’s world where globalization has extended its reach into nearly every sector, acquiring education abroad is a growing trend. Many passionate Indian students aspire to advance their learning in…
In an era where global boundaries seem to blur and international transactions are more common than ever, understanding tax norms becomes crucial. A significant part of these financial transactions is…
Any TDS deducted on or after April 2011 by a deductor, which is a company or a banking company or any bank or banking Institution or a cooperative society doing…
NSDL has launched new Return Preparation Utility (RPU) v 2.6 for preparation of TDS returns. This is the free version for preparation of TDS returns, however, in our experience using…