Income tax rules applying to non-residents are slightly different from those for residents. The income that NRI earns abroad is not taxable in India. But if an NRI earns income in India, in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in...
What is Income Tax? Who Needs to Pay Income Tax? What are the Different Types of Income? About the Income Tax Department of India What is the Income Tax Act? Schedules of the Income Tax Act What are the Income Tax Rules? Taxpayers and Income Tax Slabs What are the Existing Tax Slab...
Senior citizens will be subject to a higher tax deducted at source (TDS): The threshold for deduction of TDS(concerning senior citizens) has been raised to Rs. 50,000, from an earlier amount of Rs. 10,000, Deduction limit increment under Section 80D of the Income Tax Act: The Union Bud...
Section 194I: An Overview of TDS on Rent TDSMANJanuary 30, 2025No Commentson Section 194I: An Overview of TDS on Rent Section 194I of the Income Tax Act outlines the rules for deducting TDS on rent. This provision primarily applies to those paying rent for properties, machinery, or other...
if not then which order whether rectified or original order need to be attached in ITAT Appeal submission? Mohit sachdeva 27 February 2025 at 15:30 TDS on Freight Payment I have query regarding TDS on freight payment if transporter own less than 10 fleet....
SYSTEM & METHOD OF E-FILING OF INDIVIDUAL INCOME TAX RETURN OR IN BULK. The present invention relates to filing Income Tax Return (ITR) of assesses who are not filing ITR from last several years and Tax Deduction at Source (TD...
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tax from the payment of income chargeable under the head "Salaries" during the financial year 2021-22 and explains certain related provisions of the Act and Income-tax Rules. 1962 (hereinafter the Rules). All the sections and rules referred are of Income-tax Act. 196 ...
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