Savings accounts are designed to encourage more saving, as opposed to current accounts, which allow for unlimited transactions and don't offer interest. Savings accounts are advantageous for those with regular incomes. For instance...
TDS on Savings Account Interest
The interest earned from a savings account is not subject to TDS, as st...
WITHHOLDING TAX
India has comprehensive withholding tax laws that require payers (resident or non-resid...
Private and public corporations are largely classified as such under the Companies Act of 1956, which also establishes a legal framework based on this categorization. The structures of corporate organisations, however, continue to evol...
When it comes to sales tax, non-compliance frequently has severe financial repercussions. However, you might be unaware that achieving compliance could have a positive financial impact on your business. On the surface, it seems absurd ...
A new indirect tax system known as the Goods and Services Tax (or "GST") was introduced on July 1st, 2017, and it incorporated a number of national and state-level indirect taxes including as value added taxes, sales taxes, e...
The tax on fringe benefits is imposed on those that the employer offers to its employees. Employers are required to pay this fee to the government in exchange for providing these fringe benefits. The fiscal year 2010–2011 saw the...
Section 80C Income Tax Deduction
The most important part of deductions for any taxpayer is this one. 15...
Section 80DDB income tax deduction
Medical expense deduction for oneself or a dependen...
Section 80EEA Income Tax Deduction
Up to $15,000 in interest payments may be deducted under Section 80E...