Overview Dividends represent a fundamental component of investment income, rewarding shareholders with a portion of a company's profits. With recent shifts in tax legislation, particularly the abolition of the Dividend Distribution Tax (DDT) in 2020, understanding how dividends are taxed…
Overview Self-employed individuals, including business owners, professionals, and freelancers, face unique challenges and opportunities when it comes to managing their income taxes. Unlike salaried employees, who have taxes withheld from their paychecks, self-employed individuals must take a proactive approach to…
Overview Filing income tax returns online has been simplified by the Income Tax Department of India through its e-filing portal. This digital platform allows taxpayers to file their returns, check their refund status, raise queries, and perform various other tax-related…
Overview Presumptive taxation is a simplified tax framework designed to ease the compliance burden for small taxpayers. This system allows eligible businesses and professionals to declare income at a prescribed rate on their gross receipts and forego detailed bookkeeping. FinBizz…
Introduction to Section 44AD of the Income Tax Act Section 44AD of the Indian Income Tax Act offers a simplified taxation regime, known as presumptive taxation, specifically designed for small businesses. This scheme allows eligible businesses to assume income at…
Overview Navigating the complexities of international business transactions requires a thorough understanding of tax regulations, such as Section 92E of the Indian Income Tax Act. FinBizz provides expert guidance on complying with this section, which mandates the furnishing of reports…
Overview Navigating the Indian income tax system requires a solid understanding of its fundamental principles. With FinBizz, you can ensure compliance with the law while optimizing your financial strategies. This guide provides detailed insights into different types of income, available…
