Income Tax

Transfer Pricing

Transfer Pricing Transfer pricing (TP)refers to the pricing strategy when there is transfer of goods or services between associated enterprises. It can be defined as the value of goods or services transferred between parties which are related to...

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Advance Tax

Advance Tax Advance tax (AT) is the income tax payable by an assessee if your tax liability is 10,000 or exceeds it in a financial year and to be paid in the year in which income is to be received, income here means income derived through the...

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80G Certificate

80G Certificate Section 80G of Income Tax Act deals with the contributions made to some relief funds and charitable institutions, such contributions can be claimed as deduction. It provides benefits to the donor of an NGO. However, it should be...

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TDS on Cash Withdrawal

TDS on cash withdrawal Section 194N – TDS on cash withdrawals over and above Rs 1 crore has been introduced through the Finance Bill, 2019 in the Union Budget 2019 proposed on 5 July 2019. The purpose behind the insertion of this section is to...

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Equalisation Levy

Equalisation Levy (EL) Equalisation Levy Introduction:  New era of E-commerce business models have created new tax challenges. The Country was facing issues for the levying the tax on e-commerce business models, which broadly includes: The...

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