Receiving an income tax refund is a welcome relief for taxpayers, but sometimes, the refund process can be delayed, causing frustration and concern. If you’re experiencing a delay in y… Read More

As the season to file income tax return commences once again, it is imperative for all the taxpayers to be completely prepared and arrange for all the necessary documents that one might need… Read More

Explore the intricacies of Tax Deducted at Source (TDS) under Section 194A for interest payments other than securities. Learn about rates, exemptions, responsibilities, and procedures. The p… Read More

India’s space exploration efforts rely heavily on you, an Assistant at the Indian Space Research Organisation (ISRO). However, knowing your isro assistant… Read More

Understanding Form 16, Its Issue Date, and Importance Form 16 serves as proof of tax deduction and assists in tax filing.Employers are r… Read More

Diljit Dosanjh, the multi-talented actor-singer, is known for his humor and honesty, and he recently shared an amusing anecdote that left everyone in stitches. During a media interaction at… Read More

Nirmala Sitharaman’s confirmation as India’s Finance Minister for the second term in Prime Minister Narendra Modi’s government has sparked speculations in the crypto commun… Read More

Guide to Error-Free Income Tax Return Filing: A Close Look at Form 26AS and AIS… Read More

Table of ContentsWhat is Form 16 and Why is it Important?Unveiling the Magic of Form 16 UploadAnatomy of Form 16 DissectedPart A: Employer & Income Summary Part B: Detailed Income Breakd… Read More

Income tax payments are an inevitable part of life for most individuals and businesses. To fulfill these obligations, taxpayers often use challans such as ITNS 280 and ITNS 281. In this deta… Read More

Sumit Gupta provided insights into the effects of India’s 2022 Union Budget, which introduced stringent tax regulations on cryptocurrencies, classified as virtual digital assets (VDAs)… Read More

June 2024 Income Tax Deadlines: Key Dates to Remember… Read More

Introduction: Tax Deducted at Source (TDS) is a mechanism introduced by the Indian government to collect taxes at the source of income generation. It serves as a tool for ensuring a stabl… Read More

TDS (Tax Deducted at Source) and Its Impact on ITR FilingTax Deducted at Source (TDS) is a mechanism used by the government to collect taxes at the source of income. TDS affects the I… Read More

The Role of Form 16 in Income Tax Return FilingForm 16 is a crucial document for salaried individuals when it comes to filing Income Tax Returns (ITR). It serves as proof of income ea… Read More

Understanding Advance Tax and Its ImplicationsAdvance tax is a crucial aspect of tax planning for individuals and businesses with significant income. Understanding advance tax and its… Read More

Even after diligently filing your Income Tax Return (ITR), receiving a notice from the Income Tax Department can be unnerving. These notices often raise questions and concerns, leaving taxpa… Read More

Your FinAssam salary slip has an introduction in this page. In the Indian state of Assam, FinAssam is a government portal created especially for payroll manageme… Read More

The ITAT Delhi deletes Rs. 1.83 crore addition in the case of Ayesa Ingenieria Y Arquitectura, confirming TDS on expat salaries was duly deposited. The post Section 40(a)(i) not applicable i… Read More

ADDA hosted an Interactive Webinar on Housing Society Accounting along with an Ask Me Anything Session on May 18th, 2024. The speakers of the event were the Top Society Accountants of India… Read More

Have you ever wondered what the salary slip of a PCS officer looks like? Comprehending your salary is essential for making financial plans. This guide delves int… Read More

Income Tax Department Releases Step-by-Step Guide to Link Aadhaar and PAN to Prevent Higher TDS… Read More

Table of ContentsUnderstanding the Different Tax Regimesa. The Old Tax Regimeb. The New Tax Regimec. Special Tax Benefits for Senior CitizensDecoding Your Tax BillMaximizing Deductions in th… Read More

Are you a senior citizen looking for a safe and reliable investment option with attractive returns? The Senior Citizens Savings Scheme (SCSS) is a post office scheme specifically designed fo… Read More

Are you supposed to collect TCS? How do we implement it in Tally? Tally Solutions has just released its latest update that handles TCS very smoothly. Let’s look at how you can implemen… Read More

Have you ever wondered how much the staff of Punjab State Power Corporation Limited (PSPCL) get paid in salary from your electricity bill? Both the business and… Read More

NEW DELHI : As the tax filing season kicks off again, many individuals are questioning whether they need to file their income tax return (ITR) for financial year 2024 (FY24). This uncertaint… Read More

Introduction Starting a new business in India involves navigating a complex web of legal requirements and compliance obligations. Understanding and adhering to these regulations i… Read More

Payroll in India Introduction Payroll in India is a comprehensive system encompassing the processes and regulations involved in compensating employees for their work. The payroll process i… Read More

TDS, or Tax Deducted at Source, is a significant financial transaction that affects an individual’s tax payment structure. Additionally, TDS is a crucial source of income for the gover… Read More

When to File Your Income Tax Return For individuals and non-aud… Read More

Table of ContentsWhat is the Employees’ Provident Fund (EPF)?When Can You Withdraw Your EPF?How to Withdraw PF Amount?EPF Withdrawal Taxability:Documents Required for EPF Withdrawal:Pr… Read More

Mumbai, May 22 (IANS) The Enforcement Directorate (ED), Mumbai zonal office has arrested one more person in the Rs 263 crore Tax Deducted at Source (TDS) scam case, an official said on Wedne… Read More

We talked about filing tax returns for your housing society, but there’s a bit more. Sometimes, when your society pays people like repair folks or cleaners, the government wants a smal… Read More

Income Tax Filing (ITR) for AY 2024-25: Essential Documents Checklist… Read More

Hi there! You must understand the Tax Deducted at Source (TDS) procedure if, as a non-resident Indian (NRI), you’re thinking about buying real estate in India. Include the approximate… Read More

Tips for Smooth and Hassle-Free Income Tax Return Filing Filing… Read More

New Delhi, May 19 (IANS) The Enforcement Directorate (ED) in Mumbai zonal office has arrested one more person in the Rs 263 crore-Tax Deducted at Source (TDS) scam, an official said on Sunda… Read More

Form 13 is an application for a Certificate of Lower Deduction or No Deduction of tax at source. It is filed under Section 197 of the Income Tax Act, 1961 in… Read More

Understanding Tax Deduction at Source (TDS) Tax Deduction at So… Read More

Through this piece of article, we would recognize the ramifications of TDS, the repercussions of failing to link PAN with Aadhaar by the deadline, and the important provisions of the Income… Read More

When it comes to managing taxes, businesses often grapple with various components of the tax system. One crucial aspect that demands attention is Tax Deducted at Source (TDS) under the Goods… Read More

Tax Deducted at Source (TDS) is an important mechanism employed by the government to collect taxes at the source when any income is generated. While TDS on salary is appreciatory recognized… Read More

1. Tax Deducted at Source Tax Deducted at Source (TDS) is an important component in Indian taxation system, which is designed to ensure the collection of taxes at the different source of inc… Read More

Tax Deducted at Source and Tax Collected at Source are two crucial components of the Indian tax system. Both TDS and TCS play significant roles in ensuring tax compliance and reven… Read More

The full form of TDS is “Tax Deducted at Source.” Filing TDS means that tax is deducted by the payer while transferring payments such as salary, rent, commission, etc., and is de… Read More

How to File Your Income Tax Return Like a Pro: Step-by-Step GuideHow to File Your Income Tax ReturnFiling your income tax return is an essential obligation for every taxpayer in India. Wheth… Read More

Understanding TDS Returns: A Complete Guide Introduction Tax Deducted at Source (TDS) is a critical component of India’s tax framework, ensuring that taxes are collected at the s… Read More

7 Essential Documents for Filing ITR AY 2024-25 Filing income t… Read More

If you are a working professional, then it is important for you to understand the income tax rules, including income tax slabs, tax exemptions and deductions, etc. which can help you manage… Read More

Explore the minutiae of Online ITR 5 Filing in Delhi for partnerships, LLPs, and more in India. Know its significance, key dates, income declaration, deductions, tax computation under liabil… Read More

Find the Suitable Income Tax Return Form for Filing Your Returns Here… Read More

For numerous taxpayers, the process of completing even the most straightforward tax forms may be very complex, not to mention that the ITR-2 is already perceived as the most difficult form… Read More

Income tax compliance calendar for May 2024 May 7… Read More

INCOME TAX IN INDIAINCOME TAX IN INDIAIncome tax in India is a direct tax levied by the Central Government on the income earned by individuals, Hindu Undivided Families (HUFs), companies, fi… Read More