Income Tax

A: Scope of Taxability on Non resident companies in India In India, companies are taxed on their income according to

Finance Bill, 2020 proposed to Insert sec 194-O, where Ecommerce Operator (“Operator”)  liable to deduct TDS from payment made to

1. Before 2016, the turnover limit for sec 44AB and Sec 44AD were identical. Thereafter, in Budget 2016, the turnover

If you are planning a International Tour this year, you can do that before April 1 to avoid paying an

TCS on foreign travel, tours packages, remittance rules 2020 INTRODUCTION The government imposed a tax collection at source akin to

After ‘Sabka Vishwas Scheme’ presented in Budget 2019 for settling disputes of Service Tax and Central Excise, similarly in Budget

Section 179 of Income Tax Act, 1961, provides that, where any tax due from a private company in respect of

Step wise guide on How to e-file Income Tax Return(ITR) on the Income Tax Department Portal? With Financial 2019-2020 almost

Changes in Section 11 & 12 of the IT Act,1961 It is stated that where the trust is already registered