Interest on Income Tax Refund: Is it Taxable?
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...
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Nimisha Panda
Nov 88 min read
Remuneration to Partners: How is it Calculated?
Profit is the goal of a partnership firm , like any other business. A silent partner makes investments without getting involved in the...
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PRITI SIRDESHMUKH
Oct 186 min read
Understanding 194G: TDS on Lottery Winnings
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...
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Rashmita Choudhary
Oct 1613 min read
TDS: Meaning, TDS Rate, Due Dates, and Return Filing
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...
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Nimisha Panda
Oct 157 min read
Exploring Section 194C: TDS Payment to Contractors
When it comes to taxation in India, one important aspect for businesses to be mindful of is the payment of Tax Deducted at Source (TDS) ....
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Asharam Swain
Sep 2010 min read
Section 194C: TDS on Payments to Contractors
Section 194C of the Income Tax Act, 1961, is a pivotal provision that governs the deduction of Tax Deducted at Source (TDS) on payments...
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Rashmita Choudhary
Sep 1810 min read
Collection and Recovery of Tax in India: Understanding the Mechanisms and Legal Framework
The collection and recovery of taxes are fundamental processes that ensure the government has the necessary funds to provide public...
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Asharam Swain
Sep 188 min read
Section 194IB: TDS on Rent Payments Under the Income Tax Act
Section 194IB of the Income Tax Act, 1961, was introduced to broaden the tax base and ensure compliance regarding tax deductions on...
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Indrajeet Sharma
Aug 309 min read
A Complete Overview of TDS and TCS under GST
As of October 1, 2018, TDS and TCS are subject to the Goods and Services Tax (GST). TDS is the term for the tax that is subtracted from...
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Bhavika Rajput
Aug 297 min read
TDS Challan Correction: How to Rectify Your Errors
Tax Deducted at Source, or TDS , is a tax collecting technique in which the payer, or deductor, withholds a predetermined amount of tax...
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