Section 194H – TDS on Commission or Brokerage
Navigating the complexities of the Indian taxation framework requires a clear understanding of the various Tax Deducted at Source (TDS) provisions. Among these, Section 194H […]
tax
Tax compliance on Income of Non-Resident Indians (NRIs) in India
Taxation of Non-Resident Indians (NRIs) in India is governed by the Income Tax Act, 1961. The tax liability of an individual depends primarily on their […]
Income Tax Compliance on Lottery Winnings in India
Winning a lottery can be exciting and life-changing, but it also comes with important tax implications. In India, lottery winnings are taxed at a special […]
Presumptive Taxation Scheme for Professionals (Section 44ADA)
Presumptive Taxation for Professionals, covered under Section 44ADA of the Income Tax Act, is a simplified tax scheme designed for small professionals in India. It […]
How to File ITR Online or Offline for FY 2024–25 (AY 2025–26)
Filing your Income Tax Return (ITR) for FY 2024–25 (AY 2025–26) can be done online or offline, depending on convenience and accessibility. Online filing through […]
Presumptive Taxation Limits for Small Businesses (Section 44AD)
The presumptive taxation scheme provides a simplified method for computing taxable income for eligible taxpayers engaged in business activities by allowing income to be declared […]
TDS on Professional & Technical Fees (Section 194J)
What is Section 194J? Section 194J of the Income Tax Act applies to TDS deducted on payments made for professional services, technical services, royalty, and […]
Income Tax Comparison: Old vs New Regime for FY 2025–26
The new tax regime continues to be the default option, but for FY 2025–26, the government has provided significant relief by easing the tax slab […]
Anonymous Donations: Tax Rules, Exemptions & Limits
Section 115BBC of the Income-tax Act governs the taxability of anonymous donations received by charitable trusts and institutions. Charitable organizations often receive donations where the […]
Tax Collected at Source (TCS): A Practical Overview
Tax Collected at Source (TCS) is a tax collected by the seller from the buyer at the time of sale of specified goods or transactions. […]