In India, gold jewelry exceeding a certain weight limit is subject to scrutiny by the Central Board of Indirect Taxes and Customs (CBIC) and might attract higher taxes. However, the exact tax rate applicable in such cases can be complex and depends on several factors. It’s important to understand that there isn’t a strict limit […]

Section 194A - TDS Rate on Interest income

TDS Rate for Contractor /Sub Contractor.

Khadi, a hand-spun and hand-woven fabric, has been an important part of India’s cultural heritage for centuries. During India’s independence movement, Mahatma Gandhi popularised khadi as a symbol of self-sufficiency and economic independence. Khadi production continues to play an important role in the Indian economy today, employing millions of people. In this article, we will […]

In India, income tax is levied on the income earned by individuals, Hindu Undivided Families (HUFs), firms, association of persons (AOPs), body of individuals (BOIs), companies, and any other person. The income tax rate varies based on the amount of taxable income and is divided into different tax slabs. The tax slabs and tax rates […]