Normally, an assessee pays tax based on computation of his expected tax liability. And very often his tax liability is...

With Aadhaar being mandatory for filing ITR, there are several consequences for not linking the same. Below is in detail...

Straight Line Method (SLM) and Written Down Value (WDV) methods are the most used methods for calculating depreciation. Although Companies...

Section 194D deals with Tax Deduction on payment of insurance commission. This section casts responsibility on any person responsible for...

Provisions related to Tax Deduction at Source (TDS) that are applicable on payments to contractors and sub-contractors are in Section...

One can check the status of Income Tax refund from TIN-NSDL website. You can click on the below link: Link...

Any income from winnings from lotteries, crossword puzzles, card games and other game of any short, races including horse races,...

Section 194A deals with TDS on interest other than the interest on securities. Provisions related to the TDS on interest...

Dividends attract dividend distribution tax @ 15% in the hands of the company. There is no liability to pay tax...

Interest on Securities is taxable in India. Further, Section 193 of the Income Tax Act, 1961 provides for Tax Deduction...