Income Tax

The responsibility of paying the income tax lies on the person receiving the income. However, TDS makes sure that the tax gets deducted from the payment itself in advance. 

In this article, we w ....

The professional tax paid by an employee is allowed as a deduction from their gross salary income under Section 16 (iii) of the Income Tax Act, 1961. While most states and UTs have professional tax, c ....

Due to the rise in environmental challenges, the Government of India has taken several initiatives to support sustainable living practices in the country. Businesses that choose  sustainable prac ....

The very mention of “income tax” can cause stress amongst many individuals who constantly look for methods to save their money. Income tax refers to the tax which is imposed on the earning ....

Whether it’s their home front or workplace, women are successful in all spheres of life. As a massive number of women are making the transition towards financial independence, it is heartening t ....

TDS full form is Tax Deducted at Source. It refers to the amount which gets deducted by the employers from salary and then gets deposited with the government on the employees’ behalf. 

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Capital gains are profits earned when individuals sell capital assets (stocks, real estate or bonds) for a price more than the purchase price. These gains are subject to taxation in India. The tax imp ....

Whether you are earning or making a purchase of any goods or services as an individual or a company, you are obliged to pay taxes. Taxes are one of the most important sources of income for the Governm ....

The HUF full form is Hindu Undivided Family. For tax purposes, HUFs are significant as they are treated as separate entities in the eyes of law. 

The key feature of a HUF is that tax on ....

Many people take loans to get through a short-term financial crisis, for funding a child's education or for meeting long term goals such as buying a house and getting tax benefits for the same.

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