Understanding Section 194C of the Income Tax Act

Understanding Section 194C of the Income Tax Act

Section 194C mandates TDS deduction on contractor payments exceeding ₹30,000 per transaction or ₹1 lakh annually. Know the rates, exemptions, and compliance rules.

Vishakha Gaur

June 05, 2025 at 11:31 AM

Section 17(5) of CGST Act Explained: What is Blocked Credit Under GST?

Section 17(5) of CGST Act Explained: What is Blocked Credit Under GST?

Discover what is blocked credit under GST as per Section 17(5) of the CGST Act. Know about the common ineligible ITC list and ensure GST compliance.

Ayushi Verma

June 04, 2025 at 12:43 PM

Section 10 Explained: Maximize Your Tax Savings Through Exemptions and Allowances

Section 10 Explained: Maximize Your Tax Savings Through Exemptions and Allowances

Multiply your savings with Section 10 of the Income Tax Act by claiming exemptions and allowances before the deadline to lower your taxable income smartly.

Shaggun V Singh

June 03, 2025 at 12:09 PM

Complete Guide to Income Tax Deductions: Section 80C and Beyond (2025-26)

Complete Guide to Income Tax Deductions: Section 80C and Beyond (2025-26)

Maximize your tax savings in FY 2025–26 with Section 80C of the Income Tax Act. Learn about eligible investments, limits, and how to claim deductions.

Vishakha Gaur

June 03, 2025 at 08:40 AM

Complete TDS Rate Chart Guide for FY 2025-26: Everything You Need to Know

Complete TDS Rate Chart Guide for FY 2025-26: Everything You Need to Know

TDS rate chart FY 2025-26 covers all sections with updated rates & thresholds. Essential for taxpayers to ensure compliance with new TDS rules & regulations.

Vishakha Gaur

June 02, 2025 at 12:18 PM

Depreciation Rate As Per Income Tax Act

Depreciation Rate As Per Income Tax Act

Discover how depreciation rate as per income tax act affects your business taxes. From furniture at 10% to high-tech equipment at 40%, understand rates

Vishakha Gaur

May 31, 2025 at 12:10 PM

GST on Air Conditioners (AC): Rates, HSN Code and Tax Rules

GST on Air Conditioners (AC): Rates, HSN Code and Tax Rules

Air conditioners attract a 28% GST in India under HSN code 8415. Know GST on AC purchase, installation & input tax credit rules for informed buying.

Ayushi Verma

May 29, 2025 at 01:15 PM

How 80EE and 80EEA Impact Your Home Loan Tax Savings?

How 80EE and 80EEA Impact Your Home Loan Tax Savings?

Understand how the Sections 80EE and 80EEA work for home loan tax benefits and which deduction suits your financial needs for better tax planning and savings.

Shaggun V Singh

May 29, 2025 at 12:28 PM

Form 27EQ Filing Process: Rules, Deadlines and Best Practices

Form 27EQ Filing Process: Rules, Deadlines and Best Practices

Form 27EQ is mandatory for quarterly TCS return filing. Learn about due dates, fines, penalties, and the step-by-step filing process to ensure compliance.

Ayushi Verma

May 28, 2025 at 01:23 PM

GST on Sale of Old and Used Cars: Rates, Exemptions and Calculations Explained

GST on Sale of Old and Used Cars: Rates, Exemptions and Calculations Explained

Understand GST on old car sales: Individual sellers are exempt, but registered dealers pay 18% GST on profit margin only. Know common mistakes to avoid.

Ayushi Verma

May 28, 2025 at 01:02 PM