Set Off and Carry Forward of Losses Introduction Profits and losses are integral parts of any business. Set off and carry forward of losses is a way p...
Agricultural land In India: Everything you need to know
In India, there is a popular belief that agricultural land is a lucrative investment option since no capital gains tax means the returns are higher. H...
Clubbing Of Income Under Section 64
Clubbing Of Income Under Section 64 Introduction: When it comes to taxation, the Indian Income Tax Act, 1961, is replete with provisions aimed at prev...
What is presumptive taxation?
Presumptive Taxation Scheme In order to make tax filing simpler for small businessmen and professionals, the presumptive taxation scheme was introduce...
What changed in the minimum threshold for TDS in online gaming?
Online gaming organisations must deduct TDS at the rate of 30% on any winnings drawn by a user from winning online games if it exceeds the threshold o...
Kind Attention Taxpayers!
Why To Link PAN With Aadhaar The Income Tax Department has issued a fresh notification, asking the regular taxpayers to link their Permanent Account N...