Category Archives: Income Tax

Income Tax

Taxation of dividend – How Does it works?, How dividend is taxed?

Section 194J TDS

How does the taxation of dividend works?, There has been confusion since many days in the minds of the readers about how the dividend is taxed in India, whether it is taxed by the company which is paying or to the person to which they are paying to. I have clarified the same by way of […]

Loans and deposits u/s 269SS and Section 269T – Detailed Guide

Loans and deposits u/s 269SS and Section 269T

Loans and deposits u/s 269SS and Section 269T. There are many provisions in the income tax act to curb tax evasion and flow of black money. Section 269ss is of such type. In this article you can find all details related to Loans and deposits u/s 269SS and 269T like – Complete Details for Section 269SS, […]

Income Tax – What is? Sources, Basics & Important Concepts

Income Tax

Income Tax – Sources, Basics & Important Concepts. Hi Friends here we are providing Some Basic Details for Income Tax Like – What is Income Tax? [Sec.4], Sources of Income – Tax Law, What is Gross Total Income and Total Income? [Sec.5] and Other Important Concepts Related to income Tax. Recently we provide complete details for How […]

Alternate Minimum Tax (AMT) – Meaning, Rate, AMT Credit, Amendment

Alternate Minimum Tax (AMT)

Alternate Minimum Tax (AMT): AMT stands for Alternate Minimum Tax. Initially the concept of MAT was introduced for companies and progressively it has been made applicable to all other taxpayers in the form of AMT. In this part you can gain knowledge about various provisions relating to MAT and AMT. First of all we will understand the provisions […]

Minimum Alternate Tax – understand with examples (Complete Details)

Minimum Alternate Tax

Everything You want to know about Minimum Alternate Tax. MAT stands for Minimum Alternate Tax and AMT stands for Alternate Minimum Tax. Initially the concept of MAT was introduced for companies and progressively it has been made applicable to all other taxpayers in the form of AMT. In this part you can gain knowledge about various provisions relating to […]

Dividend Distribution Tax – Meaning, Purpose, Calculation, Amendments

Dividend Distribution Tax

Dividend Distribution Tax – Meaning, Purpose, Calculation. As per the provisions contained in section 115-O (1) of the Income tax Act, 1961 any amount declared, distributed or paid by domestic company by way of dividends shall be charged to additional income tax at the rate of 15 per cent. Dividend for this purpose includes interim dividend […]

Corpus Fund – How this fund is created?, Taxability and All Other Details

Corpus Fund

Corpus Fund – How this fund is created?. Corpus funds are of utmost importance from the point of view of income tax. Corpus funds represent the permanent funds maintained by any trust or institute for day to day survival and maintenance of the organization. Corpus Fund Hence, corpus funds are not meant for the attainment […]

What is Franking ? Why Documents Need to be Franking ?, Charges

Franking

What is Franking ? Why Documents Need to be Franking ? This is important Question in Present Time. Everyone Ask What is Franking ? Why Documents Need To Be Franking? Only Banks Can Do Franking Or Other Firms Are Given Authority ?. Today we are providing all solutions of these question and also tell full details […]

Mediclaim Policy | Section 80D Deductions for FY 2018-19 & AY 2019-20

Know About Mediclaim Policy & Deduction Under Section 80D

Know About Mediclaim Policy & Deduction Under Section 80D. Deduction for Medical Insurance Premium 2019 U/s 80D,  Things You Should Know About A Mediclaim Policy & Deduction Under Section 80D. Mediclaim policies are the talk of the day. They help you financially when you fall ill. But, you also need to know details about the mediclaim […]

BitCoin Taxation – What is BitCoin, RBI Warnings on BitCoin Currency

BitCoin Taxation

BitCoin Taxation in India: Bitcoin is an innovative payment network and a new kind of money. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the […]