Any income derived from the transfer of a capital asset “movable or immovable” is taxable under the Capital Gains section of the Income Tax Act of 1961. Capital Gain is divided into two categories: short-term capital gain and long-term capital gain. ...
As per sec 139, each individual whose yearly complete available pay is more than the given exception limits according to old tax regime or as per new tax regime required to file Income tax return. Basic Exemption Limits As per Old & New Regime: Tax...
Detail explanation of the Applicability of TDSÂ Â Â Applicability of TDSÂ connection of TDS, when a person making certain specified payments, similar as hires, interest, rent, professional freights,etc., deducts duty at the prescribed rates from the payment and remits...