300 words Crisp articles on various topics related to Finance
TDS on e-commerce (Section 194O) in India, introduced under the Income Tax Act, 1961, ensures tax collection at source for online sellers through e-commerce platforms. With e-commerce sales reaching ₹5.5 lakh crore in 2024, understanding Section 194O is thus crucial for digital sellers. How does it work, and what are the implications? Let’s break it …
Form 16B in India is a crucial TDS certificate for property transactions, ensuring tax compliance on capital gains from real estate sales. With India’s real estate sector booming understanding this form is thus vital for property sellers and buyers. What is it, and how does it aid tax filing? Let’s break it down. What Is …
The difference between Form 26AS and AIS in India is critical for taxpayers navigating ITR filing, as both documents track tax-related transactions. Thus understanding these forms ensures compliance. How do they differ, and why does it matter? Let’s break it down. What Are Form 26AS and AIS? Form 26AS: Form 26AS in India, under the …
The Annual Information Statement (AIS) in India is a robust tax document that consolidates financial and tax-related transactions, enhancing transparency for ITR filing. Understanding AIS is crucial for individuals and businesses. What is it, and how does it simplify compliance? Let’s break it down. What Is the Annual Information Statement (AIS)? The Annual Information Statement …
Form 26AS in India is a consolidated tax statement that records taxes deducted, collected, or paid on an individual’s income, crucial for accurate ITR filing. Understanding this form is vital for salaried and non-salaried taxpayers. What is it, and why is it important? Let’s break it down. What Is Form 26AS? Form 26AS is a …
#323 – Form 26AS: Your Essential Tax Credit Statement Read More »
The difference between Form 16 and Form 16A in India lies in their purpose and application, crucial for accurate ITR filing. With India’s tax base at 1.4 crore taxpayers in 2024, thus understanding these forms is vital for salaried and non-salaried individuals. How do they differ, and why does it matter? Let’s break it down. …
Form 16A in India is a critical document for individuals and entities receiving non-salary income, detailing Tax Deducted at Source (TDS) for accurate ITR filing. With India’s tax base expanding, understanding this form is essential for freelancers, investors, and businesses. What is it, and how does it simplify taxes? Let’s break it down. What Is …
Form 16 in India is a vital document for salaried individuals, summarizing income and tax deductions for seamless ITR filing. It simplifies the tax filing process and also ensures compliance with the Income Tax Act. With India’s tax base growing understanding Form 16 is essential. What is it, and how does it help? Let’s break …
TDS on dividends ensures tax collection at the source on income from equity shares or mutual funds. With equity markets thriving and dividend payouts rising understanding TDS rules is thus essential for investors. How does it work, and what are the key considerations? Let’s break it down. What Is TDS on Dividends? TDS on dividends …
Filing ITR under Sec 44AB and managing the tax audit ensures compliance for businesses and professionals with high turnovers. With tax collections surging—₹2.10 lakh crore in GST in April 2024, understanding Section 44AB is vital. What does it entail, and how can you navigate it? Let’s break it down. What Is Section 44AB and Tax …
#316 – Filing ITR under Sec 44AB and Managing the Tax Audit Read More »