MCA has widened the scope of fast-track mergers and demergers under Section 233 of the Companies Act, 2013. Learn about the ...

According to Section 192 of the Income Tax Act 1961, an employer deducts TDS while paying salary to an employee. An employer has to file salary TDS return in Form 24Q, which has to be submitted on a ...

Section 80D deduction can be claimed by taxpayers from gross total income for health insurance premium, contribution to Central Government Health Scheme and preventive health checkup. Know more about ...

Section 80JJAA deduction can be claimed by taxpayers whose total income includes profit or gains from business. To be eligible to claim deduction under Section 80JJAA, the taxpayer must satisfy all of ...

The due date for filing Income Tax Returns (ITR) for individuals (non-audit cases) for FY 2024-25 (AY 2025-26) is 15th September 2025. Missing this deadline can result in interest charges under ...

The Finance Act 2020 has inserted a new section 115BAC of Income Tax Act, wherein an individual gets an option to choose between the actual tax rates and the new concessional tax rates without ...

Capital Gains Tax in India applies to the profit earned from selling capital assets like property, stocks, bonds, and investments. These gains are categorised into Short-Term (STCG) or Long-Term ...

The due date for filing GSTR-6 is the 13th of every month following the relevant tax period. This monthly filing ensures that the distribution of Input Tax Credit (ITC) by the Input Service ...

Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based ...

Any service provider who provides a service value of more than Rs. 20 Lakhs aggregate in a year is required to obtain GST registration. In the special category states, this limit is Rs. 10 lakhs. Any ...

Filing ITR (income tax return) is a crucial duty of every taxpayer in India, ensuring adherence to the nation's tax regulations. Income tax filing involves detailing all sources of income, deductions, ...

The Contract Labour (Regulation and Abolition) Act, has been enacted by the Indian Legislature from the year 1970. The act intends to prohibit the employment of contract labour in certain ...