It is a very common mistake to consider TDS and TCS the same for the purpose of taxation. In fact, there lies a major difference between TDS and TCS. This difference between the TDS and TCS alters the point of...

Many times we as taxpayers get confused between Form 16 and Form 16A. An employer issues Form 16 to its employees while other deductors issue Form 16A. However, both differ in their purpose, information regarding TDS and salary or other...

Being a salaried employee you must have heard about dearness allowance as part of your salary. Your salary comprises a basic fixed salary and a few allowances. The total of basic pay and allowances make up your take-home salary. It...

Corporate Tax in India is applicable to a company. It is a subset of direct taxes in India. In this article, we have covered corporate tax, India in-detail, its applicability, tax payment, applicable tax rate, and filing of ITR. What...

Education has the ability to enhance people's quality of life at a geometrically faster rate. Every parent is concerned about children education. You are inspired to work harder each day because you want to provide your child with a high-quality...

Budget 2023 Updates The conversion of physical gold to Electronic Gold Receipt and vice versa does not result in capital gains Deduction under section 54 and section 54F is capped to Rs 10 crores Income from market linked debentures are...

What is Capital Gain on Shares? A capital gain arises when a taxpayer sells a capital asset. Hence, the asset being sold must be a capital asset. The taxability arises only when a taxpayer sells their capital assets. While calculating...

What are Capital Gain Bonds? The capital gain bonds help a taxpayer in investing the long term capital gain earned on the sale of a long term capital asset. By investing their long term capital gain taxpayers can save tax...