Certificate for Deduction of TDS at Lower or Nil Rate
Section 197 of the Income Tax Act, 1961 allows a taxpayer to apply for lower or nil TDS (Tax Deducted at Source) deduction on certain incomes, ensuring that excess TDS is not deducted, which can…
Section 197 of the Income Tax Act, 1961 allows a taxpayer to apply for lower or nil TDS (Tax Deducted at Source) deduction on certain incomes, ensuring that excess TDS is not deducted, which can…
Section 123 of the Companies Act, 2013 lays down the legal provisions for the declaration of dividend by companies in India. It ensures that dividends are declared only out of legitimate profits, safeguarding the interests…
Capital Gain is the profit you earn when you sell an asset like land, house, shares, or gold at a higher price than you bought it. 🔺 If you sell it at a loss, it…
An Annual General Meeting (AGM) is a yearly meeting held by every company (except One Person Company) to present its financial statements, appoint or reappoint directors and auditors, and provide transparency to shareholders. It ensures…
"Income from House Property" is one of the five heads of income under the Income Tax Act, 1961. It covers rental income earned from buildings or land appurtenant thereto, whether residential or commercial. Even if…
House Rent Allowance (HRA) is a part of the salary provided by employers to employees to meet rental housing expenses. It is an important component of salary and can offer tax benefits under Section 10(13A)…
If you are a Resident and Ordinary Resident (ROR) in India and have foreign assets or income, it is mandatory to report them in your Income Tax Return (ITR). Failing to do so can lead…
Under Section 161(3) of the Companies Act, 2013, a Nominee Director is a person appointed by a third party or institution, such as banks, financial institutions, or the government, to represent their interests on the…