Income Tax

A new sub section 1G has been introduced in section 206C to apply Tax Collection at Source (TCS) on sale […]

Content What is arrear salary? Meaning of relief under section 89(1) Important points to remember of Relief under Section 89(1)

Content What is the meaning of agriculture income in India? Legal position of tax on agriculture Treatment of partly agricultural

Content Introduction Amendments Non applicability of Section 194O (TDS on payment made to E-commerce operator) Changes in section 194A/ 194C/

 Content What is salary? Allowances Perquisites Taxable in case of all employees: Exempt in case of all employees: Taxable in

Content What is a private limited company? Deductible expenses Salary to directors Sitting fees to director Preliminary expenses Rent expenses

As under section 192 of INCOME TAX ACT, 1961 the employer is liable to deduct tax at source at salary

Content What are capital assets? Assets not treated as Capital Assets Types of capital gain Short term capital gain Short

India is the largest democracy on this planet and the backbone of this is elections and enthusiasm of citizens towards

Content Meaning of rental income Computation of taxable income What is a municipal tax Cases where municipal taxes allowed or

Table of Content Section 194H commission or brokerage Section 194I rent Section 194IB Section 194M Section 194H commission or brokerage

 Content: Introduction Interest on borrowed capital(section 24b) Calculation for the interest on loan Amount of Deduction allowed Silent feathers that