Taxation

How to save income tax?

It is extremely painful to see your hard-earned money get deducted in taxes, the good use it is put to notwithstanding.  A financially prudent taxpayer in the country must make use of all legally … READ FULL STORY

Taxation

Section 194 of income tax: TDS on dividend

Companies paying dividends to their resident Indian customers are responsible to deduct TDS from this income under Section 194 of the income tax law. This rule is not applicable on business trusts and special purpose vehicles.   See also: How TDS on securities interest is … READ FULL STORY