What is Tax ??
Tax is a mandatory charges levied by govt. on an individual or organization in order to collect revenue. Govt collect from eligible person in order to develop nation and provide best services to the citizens. In order to run nation…
Month April 2023
TDS on Rent
Section 194I of income tax act The rent received from renting out or subletting of property is subject to tax deduction at source i.e. TDS on rent. Further, provisions of section 194I of income tax act prescribes how one should…
What is TDS in income tax act
The TDS in income tax act is introduced with aim to collect tax from various sources of income. TDS in income tax is an amount deducted by deductor or employer from tax payer and is deposited to govt. on behalf…
Section 44AD of income tax act
Section 44AD of income tax act states that tax will be charge on the basis of presumptive income of business. Section 44AD is a special provisions for computing profits & gains of business on presumptive basis. What is Section 44AD…