Notice under Section 142(1) of the Income-tax Act
A Section 142(1) notice under the Income Tax Act is a communication issued by the Income Tax Department to gather more information from the taxpayer. The notice is issued in two situations:
Section 11 of the Income Tax Act: A Comprehensive Guide for Charitable Trusts
Section 11 of the Income Tax Act, 1961, offers a significant tax relief mechanism for charitable and religious institutions in India. It allows exemption on income derived from property held under trust wholly for charitable or religious purposes, provided certain conditions are met. This provision is vital in encouraging philanthropic activities while ensuring accountability and regulation.
IDCW in Mutual Fund: Meaning, Full Form, and How It Works
Investing in mutual funds often introduces new terms that can seem confusing. One such term that investors commonly come across is IDCW. You might have noticed it in your mutual fund statements or heard it from share market advisory services.
Mutual Fund Cut-Off Time: Everything You Need to Know
When you invest in a mutual fund, you’re looking at past performance, fund manager expertise, or NAV (Net Asset Value). But there’s another critical factor that many investors often overlook: the cut-off time for mutual fund transactions. Understanding this can directly influence the returns you get, especially if you’re dealing with large sums or volatile market conditions.
Income Tax on Fixed Deposit Interest: A Complete Guide
A fixed deposit (FD) is one of the safest investment options, offering guaranteed returns. However, the interest earned on these deposits is taxable under the Income Tax Act. Both general and senior citizens are liable to pay income tax on fixed deposit interest, but the applicable TDS rates and exemption limits vary.
Section 194Q of the Income Tax Act: A Comprehensive Guide
When discussing TDS, it is usually seen as a concept related to salary and perquisites deduction. However, the applicability and the rule also extend to a company’s purchase of goods in a certain context under Sec 194Q.
Section 194R Of the Income Tax Act: Implementation Guidelines
Picture this: you successfully reached the target sales, and the company declared ₹30,000 as a sales incentive. But while receiving, you get ₹27,000. The amount here got reduced due to the mandate of deducting TDS as per a direct tax rule.
Investing
Cess on Income Tax: A Comprehensive Guide
What is Cess? Definition and Purpose Cess is a term you often encounter while learning about the income tax concepts.
India’s Inflation Falls 3.6%: Opportunities and Challenges for You
India’s retail inflation, as measured by the Consumer Price Index (CPI), eased to 3.16% in April 2025, marking its lowest level since July 2019. This decline from 3.34% in March 2025 is primarily attributed to a significant drop in food prices, especially vegetables, cereals, and pulses.
US-China Trade Reset: Can India Capitalise On The Calm?
After years of economic brinkmanship, the US and China have agreed to a 90-day suspension of additional tariffs, signaling the first serious step toward de-escalating a trade war that has distorted global markets and eroded trust in the rules-based trading order.
While this is not a final resolution, it’s a critical economic breather for two superpowers under increasing pressure from their slowing economies. But what lies ahead for global markets, and more importantly, how does India position itself in a world where giants pause rather than pull out?