Understanding Gratuity Exemption Limit for Government Employees in India Gratuity is a statutory benefit provided to employees as a token…
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Tax-audit trigger for Futures & Options (F&O) losses A loss in F&O trading does not by itself force you into…
Who is Considered an NRI According to the Income Tax Act? The term Non-Resident Indian (NRI) under the Income Tax Act, 1961…
When you sell a capital asset, such as property or investments, you may be subject to capital gains tax on…
Gifts of immovable property under the Income Tax Act are taxed if the value of all gifts received without consideration…
A new scheme of taxation has been introduced by the Finance Act, 2020 by insertion of a new Section 115BAC. The…
Section 139(1): On or Before Due Date It requires that every person being a company or a firm or being…
Filing of Return under Section 139 (9) “Defective Return” Defective return is the return of income which is rejected by…
What is 26AS Form 26AS is a statement that provides details of any amount deducted as TDS or TCS from…