IntroductionThe complete form of TCS is Tax collected at Source. The Indian Government of India has decided to collect TCS from the customers for the purchase of a product or service basing on certain conditions. In simple words, TCS will be calculated on the...
Introduction According to the provisions under Section 192 of the Income Tax Act, 1961, TDS (tax deducted at source) is done on salary. Generall...
Introduction The income that is earned from a property by the assessee is known as Income from House Property. If a individual owns a house and receiv...
Offences and Penalties A table containing the details of offences and penalties applicable under the provisions of Income Tax Act along with the latest amendment vide Finance Act, 2021 that are applicable for the Assessment Year 2022-23 and further a...
Income tax calculation under the head "Salaries"Generally, Income from salary is total sum of the following Basic Salary House Rant Allowance (HRA) Special Allowance Tra...
Introduction The term capital gain can be defined as the gains that are arising as a result of transfer of capital asset. The tax that is charged for trans...
