How to file TDS return is a process of which many taxpayers are unaware and/ or worry about its validation processes. Further, filing a TDS return is mandatory on or before the due date of filing. The entire TDS return...

Section 194H is applicable on payment made against payment of commission or brokerage to another taxpayer. A default in deduction and/or payment of TDS to the credit of the Central Government attracts interest, penalty, and prosecution. Hence, you must know...

Section 80U of the Income Tax Act, 1961, provides a tax deduction to an individual taxpayer who is himself/ herself suffering from a disability. However, the taxpayer must obtain a certificate as prescribed in the Income Tax Act, 1961. In...

Section 80DDB of the Income Tax Act, 1961 has gained its popularity in recent years. You can claim a tax deduction against the expenses made for the medical treatment of self and dependents suffering from specified diseases.  What is Deduction...

The Central Government Schemes for girl child have been launched across India with the goal of improving the social attitude toward female children in India. These schemes also aim at elevating their status in society. Several central government initiatives, saving...

Retirement plans help you in being financially independent post your retirement. Once you retire the fixed and regular flow of money stops. Without any savings and investments it will be difficult to manage your necessities and lifestyle. Moreover, with the...

Form 26QB is a payment challan which the buyer of the property needs to fill and submit to deposit the TDS amount. Income Tax Act, 1961 provides for deduction of TDS under section 194IA on purchase or sale of immovable...

TDS payment due date is prescribed by the Income Tax Department to ensure that TDS is deducted regularly and paid to the credit of the Central Government post deduction. Since, a TDS deduction is an amount deducted from an amount...