Tax Articles

Form 15G is a self-declaration form submitted by the assessee to ensure no deduction of TDS on interest income earned in the financial year. The tax on total income must be nil along with a few other conditions. You can...

What is Form 13 in Income Tax? TDS stands for “Tax Deduction At Source”. Form 13 For TDS Deduction is an Income Tax for Lower Deduction of TDS as per Section 197 of the Income Tax Act, 1961. TDS needs...

What is Form 12B? Form 12B is an income tax form that should be submitted by an individual taxpayer who joins a new organisation in the middle of the financial year. The Rule 26A lays down the requirement for filling...

Applicability of Form 10E The income tax liability is calculated on the basis of the income earned by a taxpayer during the financial year. While calculating the income tax, the total income, expenses, deductions, and exemptions are considered. However, a...

After successfully filing your income tax return, the next step is to verify your ITR. You must verify your income tax return with 120 days of submission of your ITR. The CPC will process your return only after verification. Hence,...

What is DTAA in India? DTAA stands for Double Taxation Avoidance Agreement, which is a bilateral agreement between India and another country. The purpose of DTAA is to prevent double taxation of the same income in both countries. India has...

What is Dividend Distribution Tax? A dividend is nothing but a distribution of a portion of a company’s earnings. A dividend distributions tax is nothing but a tax levied on the profits distributed by Indian Companies to its investors or...

What is Direct Tax? In India, taxes are levied by the Government through Direct & Indirect Taxes. Both are extremely important in the growth of the Indian economy. Direct taxes, in simple terms, is the tax that is levied directly...