Taxation Archives

December 26, 2024 / Taxation

A Complete Guide on Tax Deducted at Source (TDS) and Recent Changes in India

Tax Deducted at Source (TDS) is a crucial mechanism in India’s taxation system, ensuring timely collection of taxes by deducting a certain percentage from specified payments at the source itself. This guide provides an in-depth understanding of TDS, its applicability, and the recent changes introduced to enhance compliance and efficiency. What is TDS? TDS is …

December 17, 2024 / Taxation

Why Income Tax Return Filing is Important

Filing an Income Tax Return (ITR) is not just a legal obligation but also a reflection of your financial discipline. It plays a significant role in maintaining transparency between individuals, businesses, and the government. Yet, many people tend to avoid filing their ITR, unaware of its importance. Whether you are a salaried employee, a business …