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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....

What is Slump Sale? Illustrations & case laws

Slump Sale: A slump sale is a mode of transferring a business as a whole for a lump sum consideration without assigning values to individual...
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