by Audit Analyst | Jan 3, 2026 | Income Tax
Using Form 26AS Form 26AS shows all TDS deducted and deposited against your PAN. It includes details of salary TDS, bank interest TDS, and property transaction TDS. The form is available for each financial year. It helps verify whether the deductor has deposited TDS...
by Audit Analyst | Jan 3, 2026 | Income Tax
At the Time of Making Specified Payments TDS is applicable when a payment is made under specified heads such as salary, rent, interest, commission, and professional fees. The deduction must be done at the time of credit to the payee’s account or actual payment,...
by Audit Analyst | Jan 3, 2026 | Income Tax
Basic Concept of TDS TDS stands for Tax Deducted at Source, a mechanism introduced to collect tax at the very source of income. It ensures regular inflow of revenue to the government and reduces tax evasion. The person making a payment (called the deductor) deducts a...
by Audit Analyst | Jan 2, 2026 | Income Tax
Basic Tax Exemption Agricultural income is generally exempt from income tax under Section 10(1) of the Income Tax Act. Income earned from agricultural land situated in India is not taxable. This exemption applies to individuals, HUFs, firms, and companies. The land...
by Audit Analyst | Jan 2, 2026 | Income Tax
Definition and Nature of Capital Gains Capital gains arise when a capital asset is sold or transferred at a profit. The profit is classified as income and is taxed under the head “Capital Gains.” Capital assets include property, stocks, bonds, mutual funds, gold, and...
