Income Tax Act 1961

Section 44AB: Tax Audit under Income Tax

Post author:TAXVIC
Post published:August 28, 2023
Post category:Chartered Accountant Audit Compliance and Regulations Financial Reporting Indian Tax Laws Legal Tax Procedures Presumptive Taxation Scheme Professional Tax Audit Section 44AB Tax Audit
Reading time:7 mins read

As tax season approaches, individuals and businesses must be familiar with the numerous requirements of the Income Tax Act in order to ensure compliance and avoid penalties. The obligation for…

TDS on Sale of Property in 2023: A Complete Guide

Post author:TAXVIC
Post published:July 3, 2023
Post category:Capital Gains Double Taxation Avoidance Financial Planning Income Tax Indian Tax System Legal Provisions PERSONAL FINANCE Property Transactions Real Estate Taxation Taxation in India TDS (Tax Deducted at Source)TDS Procedures
Reading time:14 mins read

Tax Deducted at Source (TDS) is a technique developed by the Indian government to collect taxes at the moment of transaction, assuring a consistent inflow of income. This blog seeks…

Understanding Tax Residency Certificate (TRC) and its Importance for Taxpayers in India

Post author:TAXVIC
Post published:May 31, 2023
Post category:Cross-border Transactions Double Taxation Avoidance Agreement Financial Documentation Government Regulations Income Tax International Taxation Legal Compliance PERSONAL FINANCE Tax Planning Taxation
Reading time:7 mins read

What is Tax Residency Certificate? A Tax Residency Certificate (TRC) is a document provided by a country's tax authorities to a taxpayer who is a resident of that country for…