Complete Tax Solution: Latest Tax News India, Tax Notification
WEBAug 26, 2024 · Tax Guru is a reliable source for latest Income Tax, GST & Company Law Related Information, providing Solution to CA, CS, CMA, Advocate, MBA & Taxpayers
Depreciation under the Income Tax Act, 1961
WEBAug 10, 2021 · Depreciation is a mandatory deduction in the profit and loss statements of an entity and the Act allows deduction either in Straight-Line method or Written down Value (WDV) method. Income Tax Act of 1961 allows the depreciation of tangible assets and intangible assets. In the case of a tangible asset, claim …
Section 195 TDS on Non-Resident Payments - Tax Guru
WEBJul 9, 2021 · Section 195 TDS on Non-Resident Payments. 195. (1) Any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest (not being interest referred to in section 194LBor section 194LC) or section 194LD or any other sum chargeable under the provisions of this Act …
Gratuity: Meaning, Calculation, Applicability and Taxation
WEBNov 3, 2023 · Discover the basics of gratuity, its meaning, calculation, applicability, and taxation rules. Learn how to calculate gratuity and its legal implications.
Income Tax Rates for FY 2023-24 (AY 2024-25) - Tax Guru
WEBFeb 7, 2023 · Income Tax Rate to Partnership Firm & LLP for FY 2023-24 (AY 2024-25) Partnership firm (including LLP) is taxable at 30%. Surcharge: The amount of income-tax shall be increased by a surcharge at the rate of 12% of such tax, where total income exceeds one crore rupees. However, the surcharge shall be subject to marginal relief (where income ...
Payment to MSMEs in 45/15 Days: Section 43B (h) Explained - Tax …
WEBFeb 5, 2024 · Learn how to comply with section 43B(h) of the Income Tax Act and avoid disallowance of expenses for delayed payments to MSMEs.
Exemptions & Deduction under New Tax Regime for FY 2023-24 …
WEBApr 16, 2024 · Explore the exemptions and deductions allowed under the new tax regime for FY 2023-24 (AY 2024-25). Learn about the options available to taxpayers and make informed decisions to optimize tax efficiency.
HUF Taxation in India: A Complete Guide to HUF Tax Treatment
WEBOct 22, 2023 · Hindu Undivided Families (HUFs) have a unique tax treatment in India, which plays a crucial role in financial planning. This comprehensive guide will delve into the various facets of HUF taxation, including residential status, income computation, deductions, tax regimes, and much more. Tax Treatment of Hindu Undivided Families The income taxable in the hands of a HUF and tax liability thereon ...
Income Tax Calculator with Ready Reckoner for A.Y. 2024-25 / F.Y.
WEBMar 8, 2023 · Applicable only for Individuals resident in India with Total Income upto Rs. 5,00,000/-. Download the Income Tax Calculator for the Financial Year 2023-24 and the Assessment Year 2024-25 (As per the Budget 2023) from the attached file. Download Income Tax Calculator with Ready Reckoner for A.Y. 2024-25 / F.Y. 2023-24.
Financial Statements-Schedule-III – Companies Act, 2013
WEBApr 23, 2015 · What are provisions relating to financial statements under the New companies act 2013 1. Section 129 of companies act 2013, provides for preparation of financia...