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and GST Knowledge Center

Find the importance of AIS on your taxes, interest, dividends, stock and mutual fund transactions

The Indian Income Tax return needs to be e-verified so that the ITR filing process is complete from our end.

This Article details some common non-taxable income as per section 10 of the Indian Income Tax Act.

Don't let non-resident taxes confuse you. This guide simplifies the complexities of international taxation, which makes it easy to understand and manage your tax responsibilities

Find out what Form 16 is, how to get Form 16, how to download Form 16 online, and when Form 16 will be generated for 2023-24

All about Standard Deductions from Salary Income

Leave encashment can be taxable at the time of retirement - want to know more

Provisions relating to Deductions from House Property Income as per Section 24 of the Income Tax act

Presumptive taxation scheme for small notified professionals having gross receipts upto Rs.75 lakhs

Simplify income tax complexities related to Futures & Options Trading. Learn how to report your gains or losses as business income!

Capital Gains impacts everyone of us in our life - Be it property sale, shares/securities sale etc. The provisions relating to taxation of capital gains in Income Tax is detailed here

How gifts received on occassions, marriage, will etc. are dealt in Income Tax.

In this post, we will look at what is short term and long term capital gains under Income Tax in India. These are very relevant concepts as the taxation rate and treatment of both are different.

Explore all the intricacies of Section 54EC, including its provisions, benefits, and implications for taxpayers.

The major deductions relavant for common people which are available for tax savings in India are outlined here.

All about Section 80DDB of the Income Tax Act - Deduction in respect of Medical Treatment

Interest paid on Higher Education loans for self or dependent is allowed under Income Tax as deduction u/s 80E

Learn about Section 80DD. Find out eligibility, deduction limits, and covered disabilities.

There are two sections under which deduction is allowable in respect of contributions made to any Political Party.

Learn everything about the 80TTA deduction, eligibility, and which deductions can be claimed.

Section 80U of the Income Tax provides for deduction in case of person with disability

Break down the complexities of tax return issues with our simplified guide and respond to Section 139(9) notices.

All about Interest under Section 234B of Income Tax - for default in payment of advance tax

All about late filing fees for delayed filing of Income Tax Return

From business losses to capital gains, learn how to manage losses for tax efficiency through setting off and carrying forward losses.

GST credit notes are very relevant and it differs from non-gst credit notes. How and what are the differences. Read to learn more.

For taxpayers having annual turnover less than 1.5 Crores, composition scheme is available under GST which is easy to comply. Want to know more ?

All about Input Tax Credit under GST

GST on Exports of Goods and Services - detailed analysis

Detailed Analysis on place of Supply of Services under GST

All about time of supply of Services under GST

Activities which are treated as Supply even if made without consideration under GST - Detailed Analysis

All about Schedule III of GST i.e. activities or goods which are neither supply of goods nor supply of services

This Articles give detailed analysis of Blocked input credits under GST - Section 17(5)

All about TDS on Dividends received by Shareholders under Section 194 of the Income Tax

All about TDS on payments made to Contractors for work under Section 194C of Income Tax

All about TDS on Rental payments under Section 194I of the Income Tax - Detailed Analysis

Learn everything about Section 194IB of the Income Tax Act – TDS on rent payments for tenants paying over ₹50,000 monthly. Understand TDS rates, Form 26QC, and how to stay compliant. A complete guide for individuals and HUFs renting property!

There is requirement of TDS on certain payments by certain Individuals and HUF as per Section 194M

All about Tax collected at Source under Section 206C of Income Tax - Detailed Analysis

Tax Deduction on benefits or perquisites paid in respect of business or profession - Analysis of Section 194R

Section 194P - TDS in case of Senior Citizens above 75 years who are not required to file ITR

Learn how capital gains taxes affect your mutual fund investments and the taxes you may owe on dividends and profits from selling mutual fund shares.

Discover everything about E-invoicing under GST. Learn how it works, its benefits, and how to implement it in your business.

Follow our simple guide to prevalidate your bank account on the official IT Portal. Get quick refunds without any hassle!

Here you can know the jurisdictional details of Assessing Officer under Income Tax

Learn how residential status is determined under the Income-tax Act, 1961 for Resident, Non-Resident, and ROR/RNOR.

This page describes all about Salary Income under Income Tax Act of India

It is common that salaried employees get arrears relating to different years. The arrear puts extra burden of tax in a particular year. How to avail relief of arrear u/s 89 of Income tax - Lets know

All about gratuity provisions under Income Tax

House Property Taxation has many interesting aspects under Income Tax. We take at look at those in detail here

For Small Businesses, presumptive taxation scheme is available u/s 44AD of Income Tax which provides relief from maintaining books of accounts

Scheme of deeming profits u/s 44E for business of plying, hiring and leasing of goods carriage for owners having upto 10 goods carriage

Explore the basics of paying taxes on speculation income under the Income Tax Act. Find out how this income is treated under different scenarios.

Ready to sell your house? Learn all the ins and outs of capital gains exemption in this guide.

All about Incomes chargeable to tax under Income from Other Sources

Find out how Section 54F of the Income Tax Act can help you save on taxes while selling property. Explore eligibility criteria, conditions, and benefits!

How to save capital gains on the sale of agricultural land situated in urban areas i.e. not exempt from capital gains

Persons not claiming exemption under HRA are allowed to claim a deduction u/s 80GG of Income Tax

NPS deduction is allowed over and above 1.5 lacs i.e. upto Rs.2 lacs. Do you want to know more about it.

Learn about Section 80D and how it offers deductions for mediclaim premiums, and eligibility criteria.

Section 80EEB prescribes deduction of interest on loan taken by an individual for the purchase of Electric Vehicle.

All about inter-corporate dividend deductions under Income Tax

Section 80TTB of the Indian Income Tax Act provides for the deduction of interest on deposits made by Senior Citizens

Discover the income tax slabs for the upcoming F.Y. 2023-24. Understand the tax rates and thresholds for individual taxpayers, senior citizens, and other entities according to new and old tax regimes.

Income Tax Act,1961 of India prescribes Interest on tax when there is default in furnishing of Return of Income within the due date.

All about Interest under section 234C of Income Tax Act for deferment of Advance Tax

Didn’t get your IT refund on time? Find out how to raise a request for income tax refund reissue and get your money back.

What are the essential ingredients of GST invoicing ? Read to know more

All about Debit notes and GST impact - Analysis

Simplified Scheme under GST i.e. Quarterly Return Monthly payment [QRMP] - Provisions and analysis

GST on Import of Goods and Services - detailed analysis

Concept of place of supply of Goods under GST - Detailed Analysis

All about time of supply of goods under GST

Detailed Analysis of Exemptions provided under GST

Activities or transactions to be treated as a supply of goods or supply of Services as per Schedule II of GST

Detailed look at Composite and Mixed Supplies under GST

This article describes complete provisions and procedures relating to TDS on Salaries under section 192 of the Income Tax

All about TDS on Interest other than Interest on Securities as per Section 194A of the Income Tax

All about TDS on Commission paid in respect of Section 194H of Income Tax

TDS provisions relating to payment made by purchaser for purchasing of Immovable Property (other than agriculture land) - Analysis of Section 194IA of Income Tax

About TDS on Fees for Professional or Technical Services as per Section 194J of the Income Tax Act

TDS on payments made by Banks, Post Offices & Co-operative Societies in cash above 1 crore is liable for TDS

All about TDS on Sale/transfer of Virtual Digital Assets - i.e. crypto currencies

TDS provisions with respect of payments made for purchase of goods

Learn about all the taxation implications of earning income from shares.

Learn about Section 80C of the Income Tax Act, which offers various tax-saving opportunities. Understand eligibility criteria, deductions, and important considerations.