CA Vishnu B Gavkare
Let's resolve the confusion The concept of Tax Deduction at Source ("TDS") and Tax Collection at Source ("TCS") was introduced with an aim to collect tax from the very source of income. As pe ........ View More
Taxation is a fundamental aspect of any economic system, ensuring governments have the funds needed to provide public services and infrastructure. For individuals and businesses, understanding tax law ........ View More
Unlock Big Tax Savings: How Profitable Startups Can Leverage 80-IAC for Growth In today’s fast-paced startup ecosystem, the Indian government has rolled out several initiatives to boost innovation ........ View More
Who bears the heaviest burden of taxes? It’s a familiar question, and the answer often points to the middle class. In India, individual tax collections have now surpassed corporate tax collections, ........ View More
Many people believe that if you're earning from agriculture, you don't have to worry about taxes. While it’s true that agricultural income is generally exempt from income tax, there’s more to the stor ........ View More
There’s been quite a buzz lately about the Income Tax Clearance Certificate (ITCC). You might be wondering if every individual planning to travel abroad needs to obtain one. Let’s explore what the ITC ........ View More
Ever Wondered Why Your Income Tax Increases by 4%? Understanding the Importance of Cess When we think of taxes in India, income tax, GST, and customs duties usually come to mind. But there’s anoth ........ View More
The Budget 24 has obfuscated every taxpayer. The abolition of Indexation for LTCG has been under lot of discussion. We thought of dwelling deep in to understand the bubble. Is the lower tax rate of 20 ........ View More
Congratulations, you have made capital gains! Now, check if you are making full use of the tax benefits. Use these India-centric provisions with the Capital Gains Account Scheme and retain more of wha ........ View More
📌 Selecting the Incorrect Form Choosing the appropriate ITR form is crucial. The income tax department processes your return based on the form you select. The selection depends on the nature of inc ........ View More