Author
Devesh Thakur
What is Salary? How to determine Income from salary?
Section 17(1): Salary as per Section 17(1) iaSection 17(1) of the Income Tax Act defines the term "salary" and includes various components. The key...
What is TDS (Tax Deducted at Source)? Due dates, interest, penalty, prosecution, etc.
TDS (Tax Deducted at Source) is a crucial component of income tax regulations in India. Let’s delve into its meaning and functioning:TDS Meaning and Full...
What is TCS (Tax Collected at Source)?
TCS (Tax Collected at Source) is a tax collection mechanism in India where the seller collects tax from the buyer at the time of sale....
What is Slump Sale? Illustrations & case laws
Slump Sale:A slump sale is a mode of transferring a business as a whole for a lump sum consideration without assigning values to individual...
What is Long Term Capital Gains? Understand with Illustrations
Long Term Capital Gains (LTCG):Long-term capital gains arise when a taxpayer sells or transfers a capital asset after holding it for more than 36...
Popular articles
New Section 58 of Income Tax Act 2025 Explained – Complete Guide to Sections 44AD, 44AE & 44ADA (FY 2025-26 / AY 2026-27)
New Section 58 and Presumptive Taxation (Sections 44AD, 44AE,...
Cash Flow Statement under AS 3: Complete Guide for Class 12 & CA Students
Cash Flow Statement as per AS 3 – Easy...
Unlocking Growth: A Comprehensive Guide to Multi-disciplinary Partnerships (MDPs) for Chartered Accountants
Multi-disciplinary Partnerships (MDP) under the Chartered Accountants Act, 1949:...
GST Rule 14A Withdrawal Process 2026: How to File Form GST REG-32 on GST Portal
Facility for Withdrawal from Rule 14A – Form GST...
TDS Journal Entries Explained with Logic, Golden Rules & Financial Impact
TDS Journal Entries – Clear, Practical ExplanationMost people learn...
