FINWEALTH CARE

Taxation

Deduction under Section 80G and 80GGA of Income Tax Act

Government has notified several charitable funds or societies, where you can donate your funds. Sec…

Taxation

TDS Section 194J (194JA/194JB) of Income Tax Act

Section 194J (194JA/194JB) of Income Tax Act provides the provision for deduction of TDS while mak…

Taxation

Section 80CCD Deduction and Eligibility on NPS & APY in India

Section 80CCD of Income Tax allow the deduction to assesse who contributes funds toward the  Natio…

Taxation

Section 80D: Deduction on Premium (Medical Insurance Expenditure)

Section 80D applies for avail deduction on premium for medical insurance expenditure . As you are …

Taxation

Section 115JB – Minimum Alternate Tax (MAT) in India

Section 115JB of Income Tax Act introduced for companies to resolve the problem of huge difference…

Taxation

Section 115BA , 115BAA , 115BAB of Income Tax Act 1961

Section 115BA , 115BAA , 115BAB of Income Tax Act 1961 Domestic companies have to pay tax at a spec…

Taxation

Section 111A, 112A and 112 on LTCG and STCG

Section 111A, 112A and 112 of Income Tax Act apply for tax rates on: Transfer / sale of shares, de…

Taxation

Capital Gain Tax - Long Term & Short Term in India

Capital Gain Tax (Long Term & Short Term) in India is a tax on profit and gain arising from tr…

Investment

Section 80C Deduction: 9 Types of Tax Saving Investments

Under Income Tax Act in India, you can take the benefit of tax savings deductions under section 80c…

Taxation

Section 194IB (TDS on Rent of Immovable Property) FY: 2025-26

Section 194IB TDS on Rent of Immovable Property  of Income Tax Act 1961 provides the provisions rel…

Taxation

Section 269SS, 269T, and 269ST (Penalty & Limit) FY-2025-26

Key Points Section 269SS, 269T, and 269ST of Income Tax Act will prevent the economy from fraudule…

Taxation

Section 245M (Option to Withdraw Pending Application)

Section 245M of Income Tax Act a new section which is inserted in Finance Act, 2021. This section …

Taxation

Section 206AA - Higher TDS Rate for Non-submission of PAN

Section 206AA of Income Tax Act sets the Higher Tax Rate (TDS) for a resident person, who receives…

Taxation

TDS on Rent under section 194I of Income Tax Act 1961

Section 194I of Income Tax Act (TDS on Rent payment) provides the provision related to deduction o…

Taxation

TDS Section 194DA of Income Tax Act for Life Insurance Maturity

TDS Section 194DA of Income Tax Act provides the provision related to deduction of TDS on life insu…

Taxation

Section 194S - TDS on Crypto currency and NFT

Section 194S of Income Tax Act - TDS on transfer of virtual Digital Assets (Crypto currency and NFT…

Taxation

Section 115BBH | Tax on Crypto Currency (Virtual Digital Assets)

Section 115BBH a newly inserted section in Finance Bill 2022 and applicable from 1st April 2022. A…

Taxation

Section 271AAD: (Penalty for Fake Invoices / False Entry)

Section 271 AAD of Income Tax Act is a new section which was inserted vide finance act 2020 and th…

Taxation

Section 234A, 234B and 234C (Interest on Advance Tax)

Section 234A, 234B and 234C of Income Tax Act apply for interest charged on default of payment of …

Taxation

Section 206CCA: Higher TCS Rate for Non-Filers of ITR’s

Section 206CCA of Income Tax Act  has applied with effect from 1st July 2021 which provides provisi…