If you’re expecting to receive payments where TDS will be deducted at standard rates, but your actual tax liability is lower or zero, you can apply..
Category: Income Tax
How to Respond to an Income Tax Notice in India
Receiving a notice from the Income Tax Department can be stressful, but most notices are routine and manageable if handled correctly. Whether it’s for missing documents,..
How to Claim Refund for TDS Deducted by Banks
Banks in India deduct Tax Deducted at Source (TDS) on interest income earned from fixed deposits, recurring deposits, or savings interest (in some cases). If your..
How to File Income Tax Returns Online in India
Filing your Income Tax Return (ITR) is a key part of financial compliance in India. With the government’s push for digital services, individuals and businesses can now..
Who is Required to Deduct TDS Under Indian Law?
Tax Deducted at Source (TDS) is a crucial compliance obligation under Indian income tax law. It ensures advance collection of tax at the time of payment,..
Who Should Get Their Books Audited Under the Income Tax Act?
Under the Income Tax Act, 1961, certain taxpayers must get their accounts audited by a Chartered Accountant and submit a Tax Audit Report. This audit requirement,..
Who Should File Taxes as an NRI?
Non-Resident Indians (NRIs) often assume they are exempt from filing taxes in India – but this is not always true. The Income Tax Act, 1961, clearly..
Who Can Claim Tax Benefits Under Section 80C?
Section 80C of the Income Tax Act, 1961 is the most commonly used tax-saving section by individual taxpayers in India. It allows deductions up to ₹1.5..
Who Needs to File Income Tax Returns in India?
Filing an Income Tax Return (ITR) in India is not just a legal formality – it helps establish financial credibility, unlocks refund claims, and supports visa,..
Who Needs to Comply With Transfer Pricing Rules in India?
If your business engages in transactions with foreign affiliates or related domestic entities, Transfer Pricing (TP) compliance is a legal necessity. India’s TP regulations aim to ensure..