Income tax on partnership income

Are you in partnership? Are you generating good income from partnership business? That’s great. Here I present rules for income tax on partnership income. How to calculate income tax on partnership income?   To...

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tax on mutual funds investments in India

  Mutual fund is useful way for saving and generation of income. If you are investing, you like to know rules for tax on mutual funds. Tax on mutual funds: We can divide mutual fund in two categories: Equity oriented mutual...

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TDS on contractors under section 194C

TDS u/s 194C (TDS on contractor) While paying to contractor, you should remember provision for TDS on contractor u/s 194C of income tax act. The provision guides to deduct TDS when there is payment exceeding minimum limit of...

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