TDS on Interest – Section 194A Explained
The concept of Tax Deducted at Source (TDS) plays a pivotal role in the Indian tax system. It acts as a method to collect tax at the source of income…
Section 185 of Companies Act: Understanding Loans to Directors and Related Provisions
The Companies Act, 2013, which replaced the Companies Act of 1956, introduced significant reforms to improve transparency, enhance the accountability of companies, and boost the business environment in India. This…
All About Form 67 and How to Claim Foreign Tax Credit in India
As globalization integrates world economies, individuals often find opportunities and responsibilities crossing the borders. For Indian residents who earn income outside India, understanding and managing double taxation gains paramount importance…
TDS on Crypto / NFT / Virtual Digital Assets Explained (Section 194S)
The landscape of investments and financial assets has profoundly transformed with the integration of digital technology. Among these advancements, Virtual Digital Assets (VDAs) such as cryptocurrencies and Non-Fungible Tokens (NFTs)…
Decoding Wedding Gift Tax: What You Need to Know
The sheer vibrancy and joy of wedding celebrations in India are matched only by the opulence of gifts exchanged. From cash to cars, jewellery to property, wedding gifts essentially mirror…
Risky Exporters in GST: Your Complete Guide to Procedures, FAQs, and More
In the complex world of international trade, understanding the nuanced roles that exporters play in the economy is vital. A term that often comes up in this context is “risky…
NRE vs. NRO Accounts: Detailed Guide with Tax Benefits
For Non-Resident Indians (NRIs) navigating financial obligations across countries, the management of finances can often appear daunting. Deciding where to deposit earnings, how to manage Indian income, and understanding repatriation…
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…
Corporate Social Responsibility (CSR) Guidelines: A Comprehensive Overview
Corporate Social Responsibility (CSR) – a commitment by corporations to conduct their business in an ethical manner, contributing to economic development while improving the quality of life of the workforce,…
Know All About Tax on Dividend Income
Dividends are a form of income derived from investments in shares of companies or mutual funds. For those investing in such financial instruments, understanding the tax implications of dividend income…
All You Want to Know About HUF: Taxation, Formation, Benefits etc.
The concept of a Hindu Undivided Family (HUF) is not only a fundamental aspect of Hindu law but also a highly favored entity for income tax planning in India. At…
Detailed Guide to Minimum Alternative Tax Section 115JB
Understanding MAT Minimum Alternate Tax, commonly known as MAT, is meticulously designed to ensure that companies with large profits, as per their financial statements, contribute a fair share of taxes…