Author

Devesh Thakur

Utilization of Input Tax Credit under GST

Under the Goods and Services Tax (GST) regime, input tax credit (ITC) is a mechanism that allows businesses to offset the tax they have...

How to file ITR-1 AY 2024-25

ITR-1 AY 2024-25: Eligibility, Ineligibility, and Required Details Eligibility to File ITR-1 Sahaj AY 2024-25: ITR-1 Sahaj is a simplified Income Tax Return form primarily meant...

What is Salary? How to determine Income from salary?

Section 17(1): Salary as per Section 17(1) ia Section 17(1) of the Income Tax Act defines the term "salary" and includes various components. The key...

What is TDS (Tax Deducted at Source)? Due dates, interest, penalty, prosecution, etc.

TDS (Tax Deducted at Source) is a crucial component of income tax regulations in India. Let’s delve into its meaning and functioning: TDS Meaning and Full...

What is TCS (Tax Collected at Source)?

TCS (Tax Collected at Source) is a tax collection mechanism in India where the seller collects tax from the buyer at the time of sale....

Popular articles

TDS Rates Chart for FY 2025-26 (Complete Guide with Threshold Limits

With the Finance Act, 2025 bringing several key changes...

GSTR-1: Table-wise Summary & Explanation

Table No.DescriptionDetails / Purpose4A, 4B, 6B, 6CB2B, SEZ, Deemed...

🔴Must Watch Before Filing ITR-3 for FY 2024-25 | Major Changes in ITR Form 3 (AY 2025-26) Explained!

Highlighting the key changes between ITR Form 3 for...

Deductions available to individuals under the Old Tax Regime

SectionDeductionMaximum LimitApplicabilitySection 80CInvestments in PPF, EPF, LIC, NSC, ELSS,...

Rules of Debit and Credit: Traditional Approach vs Modern Approach

In accounting, the rules of debit and credit are...

Case Studies

TDS (Tax Deducted at Source)
Financial Management

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