Author Archives: Team LegalWindow

All about TDS (Tax Deducted at Source) and TDS Filing, Returns & Rate

TDS was created with the goal of collecting tax directly from the source of revenue. According to this notion, a person (deductor) who…
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Current Situation on FDI Policies in India

Foreign Direct Investment -Current Situation on FDI Policies in India

Foreign Direct Investment (FDI) seems to have been a significant non-debt financial resource towards India's national economy, especially in addition to being such…
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Whether Depreciation on acquired Goodwill Allowable?

Whether Depreciation on acquired Goodwill Allowable?

Union Budget of 2021 amends the Income Tax Act of 1961 ("Act") to prohibit depreciation on an organization’s goodwill. The Income Tax Act…
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Income Tax Deduction on Donation

A Detailed Summary of Income Tax Deduction on Donation

Introduction Plenty of us have considered donating to charity and helping the community at a certain stage in life. It is admirable to…
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