What is Profession Tax? Profession tax is a tax levied by the State Government on salaried individuals, working in government or non-government entities, or in the practice of any profession, including Chartered Accountants, Company Secretaries, Doctors, Lawyers, Engineers, consultants, artists,…
The Department of Revenue, Ministry of Finance, Government of India, has prepared a draft ‘Indian Stamp Bill, 2023’ to align it with the modern stamp duty regime. Once enacted, the Bill shall replace the Indian Stamp Act, 1899. This is…
What is ITR? ITR stands for Income Tax Return. It is a summary of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. How to file a return of…
Income Tax shall be deducted by the buyer/purchaser/transferee on payment against the purchase of immovable property. These points must be kept in mind for dealing with Non-Resident for transfer of immovable property-
Refer SS from the notification