Through Finance Act 2020, CBDT has given an option to Individual and HUF taxpayer to pay income tax either under existing tax mechanism or to opt out New Tax Regime & pay tax as per New Regime. The whole...
Deductions which are not allowed under new tax regime, Old vs New tax regime, Which tax regime is beneficial for individual tax payer
TDS on Sale of Property CBDT through Finance Act 2013 brought TDS on sale of immovable property. In Finance Act 2013, a new sub-section has been inserted in section 194I. As per newly inserted section 194IA, buyer of property...
Due date for TDS Payment on sale of property, Form 26QB, How to make TDS payment on sale of property, Procedure for filing of Form 26QB, TDS on Sale of Property
Income Tax Rate for Companies In India, generally Corporate were liable to pay income tax at 30% plus applicable cess and surcharge. In year 2016, Central Government through Finance Act 2016 first time announced reduction in corporate tax rate....
Corporate Tax Rate for FY 2020-21, Income Tax Rate for Companies, Income Tax Rate in India, Section 115BAA of Income Tax Act, Section 115BAB of Income Tax Act, Tax rate for companies in India
Taxation of Trusts and NGOs Taxation of “Trusts and NGOs” is an important area in the Income Tax Act. Under income tax act, there are special provisions relating to organisations which are engaged into religious or charitable activities. Logic...
12A 80G Registration Process, 80G Registration, Anonymous donation, Income Tax on Trust, Income Tax Provisions for NGO, Income Tax Provisions for Trust, NGO Registration Process, Section 12AA Exemption, Taxation of Trust
Through below TDS rate chart we have tried to explain TDS rates which are applicable for financial year 2020-21. Below table provides simplified view of all the payments where TDS is applicable on payment made to resident. S. No...
