TDS on provisions relating to payment to contractors are classified into 3 parts. They are Payment to Resident contractor for General Co...
Showing posts with label DIRECT-TAX. Show all posts
Showing posts with label DIRECT-TAX. Show all posts
Employment related TDS
Section 392 - TDS on Salary Applicability :Governs TDS on salary payments to employees. Applies to all salaried employees where in...
MAT as it stands in 2026
Why is MAT required in the first place? Many companies, show high “book profits” in their financial statements/Annual report (ie book...
IT Department carries out investigation exercise on restaurants suppressing turnover
News summary: In November 2025, the Income tax Department carried out nation wide raid of restaurants in connection with tax evasi...
Amendments to Safe harbour provisions
What is safe harbour? Safe harbour rules refers to transfer pricing rules defined in Section 92CB that permits the tax authorities ...
Taxation of buy back of shares
What is the revised provision? Proceeds from buy back of shares shall be taxed as Capital Gains in the hands of shareholders. This is...
Taxation of charitable trusts under section 12AB
What's Trust? What does Income tax Act say about it? The term 'Trust' is not explicitly defined in Income tax Act. Ba...
Capital Gains, in Nut shell
This article is for non-finance people who want to understand capital gains, how it works and how much they will be taxed when they sell/...
Income tax act 2025
The Income Tax Act, 2025 has been passed by the Parliament and received the President's assent on August 21, 2025. It has been of...