Key amendments of Finance Bill 2023 On 1 February 2023, The Finance Minister Nirmala Sitharaman has represented Finance Bill 2023 (Union Budget 2023) in the lower house of Parliament. This budget is the last full budget of Modi Government...
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The Tax Audit report generally includes form 3CA/3CB and form 3CD. Where “Form 3CA/CB is a audit report” and “Form 3CD is a disclosure statement”. The Form 3CD of Tax Audit report has 44 clauses. The clause 44 was...
Due Date of ITR filing for FY 2021-22 Before we start discussing about Due date of ITR filing we shall discuss about who all are required to file ITR. As per section 139 of Income Tax Act following Individuals...
ITR Due date, ITR filing due dates, Late fee for ITR filing, Penalty for late filing of ITR, Who are required to file ITR
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TDS on Rent
Under Income Tax, any person paying rent to another person is liable to Deduct Tax if certain conditions are being satisfied. Further in certain cases if payment is being made to acquire property then TDS shall also be deducted....
TDS on Joint Development Agreement, TDS on rent paid by individual, TDS on Rent Payment, TDS rate on rent of plant machinery, TDS u/s 194I, TDS u/s 194IB, TDS u/s 194IC
Income Tax Rate for Section 8 Company Section 8 Companies are being treated like any other company if such company does not availing exemption u/s 12 of income tax act. Generally, section 8 companies’ avails exemption under income tax...