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Rates of TDS applicable for financial year 2021-22 or assessment year 2022-23

Tax Deducted at Source, also known as TDS, is a system of taxation where the person/entity responsible for making specific payments deducts the applicable...

Faceless Penalty Scheme, 2021: Simplified

The Central Board for Direct Taxes (CBDT) vide Notification No. 3 of 2021 dated January 12, 2021, has notified the “Faceless Penalty Scheme” for...

Section 115BAA – New tax rate of 22% on domestic Companies

The new section – Section 115BAA has been inserted in the Income Tax Act,1961 to give the benefit of a reduced corporate tax rate...

Snapshot of compliance tracker for ROC forms – FY 2020-21

All the business structures registered in India i.e. Private Limited Company, Public Limited Company, One Person Company, Limited Liability Partnership etc. need to file...

How to file an RTI application: A step-by-step guide

If that's the question on your mind, you are at the right place. In this article, we will see how to file an RTI...

Income Tax Slab Rate for AY 2021-22 (Latest)

Income tax payment for individuals and corporate entities is a mandatory requirement as per the Income Tax Act, 1961 if their annual income is...

Startup India Seed Fund Scheme – Switching up The Startup Game?

What is Startup India? The Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation...

Revision u/s 263 quashed when Cash deposit was examined in original assessment proceedings

Pramod Kesharichand Shah Vs. The Principal Commissioner of Income Tax Facts of the case The assessee an individual, filed his return of income on 31.10.2007, declaring total...

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