Income Tax provides for tax collection at source (TCS) by certain persons at a specified percentage of tax from their buyers on specified transactions. For e.g. TCS...
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Section 269ST and the Supreme Court’s Mandate: Strengthening the Digital Economy and Transparency
Tuesday, April 29, 2025
Promotion of a digital economy is an integral part of the current Government’s strategy to clean the system and weed...
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Presumptive taxation applicable on Income earned by Partner from firm?
Tuesday, April 29, 2025
As per section 44AA of the Income-tax Act, 1961 ("Act"), a person engaged in business or profession is required to...
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COMPOUNDING OF CONTRAVENTIONS UNDER FEMA, 1999
Wednesday, April 23, 2025
The Foreign Exchange Management Act, 1999 (FEMA) governs all transactions involving foreign exchange in India, regardless of whether they are...
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Tuesday, March 11, 2025
Important Due Dates for March 2025, Income Tax Updates – January and February 2025
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