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The Finance Act of 2021 introduced Section 194NF of the  Income Tax Act of 1961 , which became operative on April 1, 2021. The taxation...

All Indian nationals who earn more than a certain amount are required by the country's tax laws to pay taxes at the current tax slab...

Section 194N of the Income Tax Act was launched to dissuade cash transactions and foster the objective of Digital India. This initiative...

Virtual digital assets (VDAs) are reshaping the financial landscape, offering revolutionary investment opportunities while challenging...

India is all set to take its tax identification system to the next level with the introduction of PAN 2.0. This ambitious project,...

You, as a taxpayer, pay taxes on the total amount of money you make within a fiscal year. When a person pays more in taxes than they are...

Profit is the goal of a partnership firm , like any other business. A silent partner makes investments without getting involved in the...

To win a lottery can seem like a dream come true. But before you celebrate, there is an important aspect to consider i.e. taxes. In...

Many people have heard of TDS (Tax Deducted at Source), but are not able to fully grasp its concept due to lack of understanding in its...

Section 194C of the Income Tax Act, 1961, is a pivotal provision that governs the deduction of Tax Deducted at Source (TDS)  on payments...