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What is Form 9a of Income Tax Act?
Form 9A is an Income tax application form which is used for exercising the option under clause (2) of sub-section (1) of the Income Tax Act. By using this form,...
SLast reply by
Savetaxs
10Replies
What is Capital Gains Tax?
The capital gains tax is applied to the profits you earn by selling assets, like mutual funds, property, and many stocks. There are two types of capital gains tax, which...
AKLast reply by
Arnav Khanna
4Replies
Section 10- Tax Exemptions, Allowances, and How to Claim?
Section 10 helps to calculate the tax liability of an individual for the various incomes which is not listed on the ITR total income. Section 10 of the Income Tax...
ARLast reply by
Advait Reddy
6Replies
Section 154 of the Income Tax?
Section 154 of the Income Tax Act provides an easy way to fix your errors or mistakes. This section allows the taxpayers and tax officials to correct their errors or...
IJLast reply by
Ishita Joshi
9Replies
What is Presumptive Taxation?
Presumptive taxation is a scheme for small professional businesses and freelancers, which helps them to declare a percentage of their annual turnover without any need for detailed account books. The...
MSLast reply by
Matriyee Saini
6Replies
What is Section 54f of Income Tax Act?
Section 54F of the Income Tax Act helps you to get an exemption on the long-term capital gains from any sale of any property other than a residential house. The...
DMLast reply by
Dev Malhotra
5Replies
Section 44AE of the Income Tax Act?
Section 44AE of the Income Tax Act provides taxation rules for small enterprises in playing, hiring, and leasing transport vehicles for carrying goods to other places. The income of the...
DMLast reply by
Dev Malhotra
5Replies
What is the Difference Between 194j and 194m?
Section 194J of the Income Tax Act applied to the technical and professional services with a TDS limit set at INR 30,000. If you failed to do so, then you...
SSLast reply by
Shikhar Shiromani
7Replies
What is the 4 Year Rule for NRI?
The 4-year rules of NRI are based on a person for a specific period of time in India. They should meet the following conditions given below:
They have stayed in...
DSLast reply by
Daksh Sinha
2Replies
What are Some of the Common Tax Mistakes to Avoid?
Here are some of the top common mistakes that an applicant makes while filing an ITR.
Using the wrong Tax form: One of the common mistakes of applicants is filing an...
