ITR filing due date extended but no relief in payment of income tax

The income tax department had extended the timeline of filing the income…

What is the TDS provision for rent paid by individuals above Rs 50,000?

Many people are unaware of TDS provisions while paying rent on the…

5 Reasons to File an ITR Even if You Do Not Have Taxable Income

It’s that time of the year again when crores of Indian taxpayers…
Tax Exemption

Calcutta High Court: Stay on TDS collection on cash withdrawals

The Calcutta High Court, on 8th July 2021, passed a landmark interim…
Tax Exemption

New TDS provisions will reinforce the reconciliation of data

Tax deducted at source (TDS) and tax collected at source (TCS) play…

Best tax-saving tips for freelancers

Work, as we know it, no longer follows a 9-to-5 schedule. More…

Centre announces tax exemptions and extends compliance deadlines

The government extends the timelines for compliances related to income tax. In…
Tax Exemption

Section 206AB and Section 206CCA: Compliance Check Functionality Introduced

To help the tax deductor or the collector comply with two new…

Know Dividend Income Disclosure Requirements for FY 2020-21

The taxability of dividends with effect from the financial year 2020-21 is…

Double TDS applicable to some taxpayers from 1st of July

Finance Act 2021 introduced a new section 206AB which mandated higher TDS…