Income Tax Grievance: A Guide to Filing and Resolving Complaints
Paying income tax is a crucial obligation for every taxpayer in a country. However, sometimes, taxpayers may face issues with the income tax department,...
All You Need to Know About Residential Status and Income Tax in India.
Residential status is a critical factor in determining an individual's income tax liability in India. The Income Tax Act 1961, defines the rules and...
Brief about Online Tax Accounting System (OLTAS) Challan
Online Tax Accounting System (OLTAS) is a platform launched by the Reserve Bank of India to facilitate online payment of Direct Taxes.
Under the OLTAS,...
Section 24B of the Income Tax Act: Understanding its Implications
Income tax is a crucial component of every individual's financial planning. Understanding the various provisions of the Income Tax Act is essential to ensure...
Demystifying Section 195 of the Income Tax Act: What You Need to Know
Section 195 of the Income Tax Act has been a topic of discussion for many taxpayers and tax professionals. The section deals with the...
Understanding Section 194O of the Income Tax Act
Section 194O of the Income Tax Act was introduced in Budget 2020 with the intention of bringing e-commerce operators under the purview of TDS...
A Comprehensive Guide to Section 194N of the Income Tax Act
Section 194N of the Income Tax Act is a recent provision introduced by the Finance Act, 2019 that has significant implications for individuals who...
Understanding Section 194K of the Income Tax Act: A Comprehensive Guide
Section 194K of the Income Tax Act is a provision that applies to mutual fund distributors and has significant implications for them. In this...
A Guide to Section 194J of Income Tax Act
Section 194J of the Income Tax Act requires the deduction of tax at source on professional or technical services. This section applies to payments...
Understanding Section 194IB of Income Tax Act: An Overview
The Indian government imposes various taxes on the income earned by individuals and businesses. One such tax is the income tax, which is governed...