Understanding Form 26AS, the Annual Information Statement (AIS), and TDS reconciliation is crucial to ensure your tax return is accurate, error-free, and avoids future scrutiny. Whether you’re a salaried employee, freelancer, entrepreneur, or first-time taxpayer — this guide will help you stay tax-compliant and stress-free. What is Form 26AS? Form 26AS is your consolidated Tax…
When buying a property in India, most buyers focus on the agreement, location, loan, and registration — but often overlook an important tax responsibility: TDS on property purchase under Section 194IA of the Income Tax Act. Whether you’re a first-time homebuyer, investor, real estate professional, or a startup dealing in real estate transactions — understanding…
Introduction TDS (Tax Deducted at Source) return filing is a critical compliance requirement for all businesses in India, especially startups and SMEs. Whether you’re paying salaries, contractor fees, or interest to non-residents, you must deduct and deposit TDS and file the correct TDS return form. This blog serves as a beginner-friendly yet in-depth guide to…
Introduction Starting a business is exciting but it comes with responsibilities, especially when it comes to tax compliance. One area that often confuses new entrepreneurs and small business owners is TDS (Tax Deducted at Source). TDS compliance is not optional it’s a legal requirement. Whether you’re paying a freelancer, renting office space, or hiring full-time…
Introduction: The Income Tax Act 1961 provides various deductions and exemptions that can help individuals minimize their tax liabilities and maximize their savings. Understanding and leveraging these deductions is essential for every taxpayer. In this comprehensive guide, we will walk you through the most common deductions available to individuals under the Income Tax Act 1961,…
Introduction: Filing income tax returns is an essential responsibility for every taxpayer. It ensures compliance with the law and helps individuals report their income accurately. When it comes to the filing process, one crucial document that plays a significant role is Form 16. In this blog post, we will delve into the details of Form…