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Category Archives: Income Tax

Deductions of Section 80 under Chapter VIA of Income Tax Act

Income tax department have provided various deductions with a view to encourage savings and investments amongst the taxpayers from the taxable income under…
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How much tax does a Private Limited Company pay in India?

A business organization held by a small group of people is known as a Private Limited Company. It's owned by a group of…
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A Complete Guide on How to Save Income Tax

Have you ever dreamt of isolating your income from probable taxes? We bet you did, maybe countless times. But let face it- this…
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Understanding the Section-194O – TDS on payments made to E-commerce participants

The Finance Act, 2020 has established a new Section 194-O that elaborates on levying 1% Tax Deducted at Source on Payments made to E-Commerce operators…
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Budget Highlights – Income Tax Financial Highlights 2021

Budget Highlights - Income Tax Financial Highlights 2021 The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st…
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Tax on Blogging Income Under the Income Tax Act

Today Blogging and freelancer is the fast emerging profession in the world. Any one from any core of the world can join this…
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Presumptive taxation

A person engaged in business or profession is required to maintain regular books of account under certain circumstances. To give relief to small…
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