The income tax return (ITR) forms released by the government for the financial year (FY) 2018-2019 mandates detailed reporting. For instance, as compared to earlier

Notified Jurisdictional Area Section 94A In this article, we will understand why section 94A was introduced and what was the need for invoking such provisions

Most of you must have heard about the various tax-saving instruments through which you can save a lot of taxes and at the same time

Composition Scheme is an alternative method of charging GST. It is a simple and easy scheme under GST for small taxpayers whose turnover is up

Vide Finance Bill 2018, the Government has come up with an insertion to section 112A under the Income Tax Act, 1961. The new section 112A

ITR filing: Individual taxpayers are now required to file income tax returns electronically with an exception of super senior citizens who can file it in

Before coming on the main article, let’s understand why there is a need for invoking such provisions of section 194-IA under income tax act, 1961.

The last step in filing your income tax return (ITR) is to verify it. If you have filed your ITR but have not verified it,

  Budget 2019 has proposed a new Section 194M, which requires an individual or a HUF, to deduct TDS @ 5%, where they make payment

An individual or HUF paying rent of more than Rs 50,000 per month is now required to deduct tax at source (TDS). The government recently