TOP INCOME TAX CONSULTANTS IN INDIA | TOP INCOME TAX CONSULTANTS IN DELHI/NCR | INCOME TAX CONSULTANTS IN ACCOUNTANCY | INCOME TAX CONSULTANT, INCOME TAX CONSULTANT NEAR ME
This site is dedicated to issues in Indian Income Tax. Mainly, the basic issues shall be discussed here and the issues mainly shall pertain to individual and partnership assessees. In India, Income is taxed through the Income Tax Act. The Act is amended yearly. The Finance Act will amend ...
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Tax Deducted at Source (TDS) in IndiaTax deducted at source is the tax deducted by the payer before paying the amount to the payee. It is a form of direct tax. It is levied on incomes, dividends, asset sales, rents, and interest payments by the bank. ...
The article reports that a draft report released by the Indian government to simplify the provisions of the Income-tax Act, 1961. Several recommendations introduced in this new draft including characterisation of income from sale of shares, no disallowance of interest expenditure for earning exempt ...
Today, income tax in India can be categorized as - 1. Direct Tax: It is a tax that is paid on your income and goes directly to the government. 2. Indirect Tax: It is a tax that an entity collects on one’s behalf and pays to the government. Eg. restaurants, movie theatres, massa...
1 Students are paid stipends for pursuing certain academic courses When it self exceeds individuals taxable limit of income whether itr to e filed Whether it is to be subjected to TDS - Income Tax Tax queries
Short Term Capital Gain: Shares and stocks which are sold within 12 month of purchasing. Profit on equity shares sold on stock exchanges in India within 12 months are taxed at a flat rate of 15 percent irrespective of any tax slab. It means if you fall under tax bracket of 10%, still...
Income Tax - Deferred - Domestic Income Tax - Deferred - Domestic 75.02B (37.49B) 5.2B (43.43B) (22.69B) Income Tax - Deferred - Foreign Income Tax - Deferred - Foreign - - - - - Income Tax Credits Income Tax Credits - - - - - Equity in Affiliates Equity in Affiliates 29.63B (...
Experts opinions, newspaper editorials and even comments on CA Club website lavishly talk about income tax exemptions to be distorting the tax scene of the country, leading to massive leakage of revenue to the government and ultimately resp