by Admin | Apr 15, 2023 | Income Tax
The Income Tax Act of India has several terms related to tax, like TCS, TDS, ITR, etc. Let us know more about TCS in income tax here. TCS is Tax Collected at Source. The seller needs to pay this tax but gets it from the buyer at the time of purchase. In other words,... 
by Admin | Apr 14, 2023 | Income Tax
Income tax calculation frightens people because it has been made such a complicated process to comprehend that the moment we listen to the calculation of Income Tax we resist doing it by ourselves. If you were searching for how to calculate income tax on salary with... 
by Admin | Apr 13, 2023 | Income Tax
If you have money and you want to deposit it in something other than your piggy bank! The first place that comes to your mind is to get an account in a bank. Which account to go for? Current or savings? How much can you deposit in the account? Will it be taxed? You... 
by Admin | Apr 13, 2023 | Income Tax
The Indian income tax system has evolved significantly over the past decade. Some major changes have been introduced in the income tax system to make it more efficient and relevant to today’s needs. New departments have been set up, more policies have been... 
by Admin | Apr 12, 2023 | Income Tax
The one term that you read often in any of the sections of the Income Tax Act is the ‘person’. As per income tax act, person includes an individual, a HUF, a company, a firm, an AOI/BOI, a local authority, etc. Section 2 of the Income Tax Act, 1961 provides the...