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Complex provisions. Clear explanations.
3 explainers in Income Tax
Demo articlesYour company books an expense for a micro supplier in March but pays in May. Can you still deduct it in the year you booked it?
Late payments to micro and small enterprises can push your tax deduction into a later year — even though the expense is genuine.
Your company pays a US vendor for a software subscription. Do you always need to deduct tax before remitting the money?
Withholding applies only to sums chargeable to tax in India. The answer turns on the nature of the payment and the tax treaty.
Your company sponsors a dealer’s family holiday as a sales incentive. Does anyone need to deduct tax?
Benefits and perquisites given in the course of business can trigger tax deduction at source — even when no cash changes hands.