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,..
Tag: tax compliance India
Who is Considered a Resident for Indian Tax Purposes?
In India, your residential status determines whether your global income or only Indian income is taxable. It is based not on citizenship or visa, but on..
Equalisation Levy 2.0 on Digital Ads: Cost Planning for AI Firms
Equalisation Levy 2.0 on Digital Ads As Indian AI firms, SaaS companies, and e-commerce players increasingly depend on global digital platforms for advertising and marketing, Equalisation Levy..
Corporate Tax Rates FY 2025–26: Is Section 115BAA Still the Best Bet?
India’s corporate tax regime has undergone major reforms in the past few years. Among them, Section 115BAA offered domestic companies a lower tax rate with no exemptions—a..
Advance Tax Payment: Who Should Pay and How?
Advance tax is also known as the “pay-as-you-earn” scheme. Instead of paying all your taxes at the end of the year, you are required to estimate..
What is Section 80C? Popular Deductions to Save Tax for 2025
Introduction Section 80C of the Income Tax Act, 1961 is the most widely used and powerful tax-saving tool available to individual taxpayers and Hindu Undivided Families..
What is Form 16? Everything a Salaried Employee Should Know
Introduction For salaried individuals in India, Form 16 is a crucial document for filing income tax returns and claiming refunds. It acts as a certificate of..