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What is Long Term Capital Gains? Understand with Illustrations

Long Term Capital Gains (LTCG): Long-term capital gains arise when a taxpayer sells or transfers a capital asset after holding it for more than 36...

Relief under Section 89A – In Respect of Salary, etc., Paid in Arrears or in Advance

Section 89A - Relief in Respect of Salary, etc., Paid in Arrears or in Advance Section 89A of the Income Tax Act provides relief to...

Linking Aadhaar on the Income Tax Website

Linking Aadhaar card to your PAN card on the Income Tax website offers various benefits, including: Easier e-filing of returns: You can file your income tax...

Section 43B(h) on MSME: Income Tax Implications from AY 2024-25

Starting from April 1, 2024 (AY 2024-25), Section 43B(h) of the Income Tax Act introduces significant changes concerning expenses related to purchases or services from Micro and Small Enterprises (MSMEs)....

How to read Notice under section 139(9), 142(1), 148, 153C

1. Notice under Section 139(9): Purpose: Section 139(9) empowers the Assessing Officer (AO) to issue a notice when there is an error apparent on the face...

Popular articles

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...

Types of TDS Forms and Their Purpose

S. No.Form No.Detailed DescriptionDue Dates1Form 26QThis form is used...

India’s New Income-Tax Bill 2025: A Game-Changer for Taxpayers?

The Income-Tax Bill, 2025, as introduced in the Lok...

Understanding Global Payment Systems

1. UPI (Unified Payments Interface) – India UPI is one...

Case Studies

TDS (Tax Deducted at Source)
Financial Management

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