With the intention of collecting tax as the source of revenue itself, the TDS idea was introduced. According to this idea, a person (deductor) who is required to pay another person (deductee) a payment of a specific sort must withhold ...
How Much Is TDS on Salary?
The tax deducted from salaries is calculated using the same tax slab rates t...
Late TDS Return Filing Penalty
The Income Tax Department imposes the following penalti...
Temporary lifting of limits on donations to charities
The percentage of charitable cash contributions t...
Current registrations are transferred (As amended by Finance Act, 2020)
After April 1, 2021, all regist...
A non-profit organisation (NGO) can get income tax exemption by registering and meeting certain additional requirements, but such registration offers no advantages to those who make gifts. There are certain sections in the Income Tax A...
How to get 80g registration?
The Commissioner of Income Tax shall handle registration ...
Darpan Id is a mandatory requirement
It is mandatory for organisations requesting registration or reval...
On production, consumption, or on transactions, such as imports and exports, indirect taxes are imposed. Taxes on every part of production or manufacture, taxes on legal activities, general and selective sales taxes, value added taxes ...
Online Payment
Direct taxation is a must for everyone. However, the following individuals must pay thei...