A relationship formed between three parties in which a trustee holds an asset on behalf of beneficiary or beneficiaries is called as...

Out of all the various forms of business, Hindu Undivided Family or HUF is also one. HUF is a legal form of business only in India....

The points covered in this article are What is Form 16? Who is eligible for Form 16? Where and How to fill Form 16? What is Form 16A?...

In order to reduce face to face interaction between the taxpayer and the income tax department, Electronic Assessment or E-Assessment was...

For all the foreign remittances made by a resident individual of India, tax deduction is mandatory. Many people who make transactions...

1. What is tax evasion? Tax avoidance or evasion is a criminal behavior where an individual or substance intentionally abstains from...

We all know that tax evasion is illegal and whoever tries to avoid tax shall be penalized under the Income Tax Act. But there are few...

A person who is paying to any person is required to deduct tax at source (TDS). These taxes are a form of advance tax which is a direct...

A permanent account number (PAN) is a ten-character alphanumeric identifier, gave as an overlaid "Container card", by the Indian Income...

In this article we would cover the following What is an electric car? Benefits of using an electric car Interest deduction under income...

A Tax audit is a process of getting the books of accounts verified by an chartered accountant before a specified date under the Income...

The provisions of the Companies Act, 2013 require a large number of filing the forms which is mandatoy under the Companies Act, 2013.

In India to calculate the income tax you have to apply the income tax act, 1961. We have tried to cover the calculation of income tax in...

Income tax house property chart prepared for CA-IPCC Students for exam prospectives.

Circular No. 8/2020 dated 13.04.2020 The Finance (No.2) Bill, 2019 was presented before the Lok Sabha on July 5, 2019, which received...

What are the tax rates in Old and New tax Regime? Income Tax Slabs Old Rates New rates 0-₹2.5 lakh ...