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Income Tax

Section 194H TDS on Commission and Brokerage

There are several criterias when it comes to Section 194H TDS on commission and brokerage. Income tax withheld by the person responsible for paying...

Why is Share Capital Important? Definition & Types Explained

Share capital refers to the money invested in the company by its founders or owners in a multi-owner structure. It represents the percentage of...

Form 10 IE: Choosing Between The New and Old Tax Regime

Taxpayers were given the option of choosing between the old and new tax systems in Budget 2020. Under the new tax regime on Form...

What is the Accounting Period as Per Income Tax?

What is the meaning of accounting periods? The accounting period principle divides an organisation's lifetime into shorter periods so that its performance can be...

What is Tax Accounting – Definition and Types of Tax Accounting

Accounting for taxes refers to a collection of accounting information that is more concerned with the calculation and reporting of taxes than they are...

Know About Faceless Income Assessment for Taxpayers

The collection of taxes is essential for a country’s smooth functioning. Taxes that the government collects from the country's citizens form a revenue the...

What Is Professional Tax and How to Pay Professional Tax Online?

Professional tax is collected each month by many Indian State Governments on the earnings you get from your work, profession, calling, or salary.  In the...

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