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Tag: Income Tax
TDS and TCS in Accounting: Journal Entries, Golden Rules & Financial Impact
Understanding TDS & TCS in Accounting: Concepts, Journal Entries & Financial ImpactIn the world of accounting and taxation, TDS (Tax Deducted at Source) and...
Section 43B(h) on MSME: Income Tax Implications from AY 2024-25
Starting from April 1, 2024 (AY 2024-25), Section 43B(h) of the Income Tax Act introduces significant changes concerning expenses related to purchases or services from Micro and Small Enterprises (MSMEs)....
How to read Notice under section 139(9), 142(1), 148, 153C
1. Notice under Section 139(9):Purpose:Section 139(9) empowers the Assessing Officer (AO) to issue a notice when there is an error apparent on the face...
Income from House Property with Examples and Case Laws
CA Devesh ThakurIncome from house propertyThis topic is governed by Sections 22 to 27 of the Income Tax Act.Annual Value of Property (Section 22)The...
What is Form 16? Understand Form 16 (TDS Certificate)
Demystifying Form 16: Your Complete Guide to Understanding the Backbone of Salary TaxationCA Devesh ThakurForm 16Description: Certificate under Section 203 of the Income Tax...
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TDS Journal Entries Explained with Logic, Golden Rules & Financial Impact
TDS Journal Entries – Clear, Practical ExplanationMost people learn...
