Understanding corporate tax rates is crucial for businesses operating in India. The taxation framework is governed by the Income Tax Act of 1961, which outlines different tax rates based on the company's residency status and turnover. This article provides a detailed overview of corporate tax rates for the financial year 2024-25, along with important compliance … [Read more...] about Corporate tax rates in India for FY 2024-25 (AY 2025-26)
Income Tax
TDS Rates-Applicable to a person other than a company
Applicable for the Assessment year 2020-21Particulars TDS Rates (in %) where the person is resident in India- Section 192: Payment of salary Normal Slab Rate Section 192A: Payment of accumulated balance of provident fund which is taxable in the hands of an employee. 10 Section 193: Interest on securities a) any debentures or … [Read more...] about TDS Rates-Applicable to a person other than a company
TDS Rates – Applicable to a company
Applicable for the Assessment year 2020-21Particulars TDS Rates (in %) 1. In the case of a company- 1.1 where the company is a domestic company- Section 193: Interest on securities a) any debentures or securities for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act; 10 b) any … [Read more...] about TDS Rates – Applicable to a company
Specimen of General Power Of Attorney
If you want to know what is power of attorney, then our earlier post might help you to understand the basics. You can also get sample of power of attorney for specific income tax purpose here.Power of AttorneyI, ___________________________________, s/o ___________________________, r/o ___________________________________, and partner of the firm M/s. … [Read more...] about Specimen of General Power Of Attorney
Power of Attorney – Income Tax
Note: You can use following two power of attorney samples to draft your own. If you have any queries then use out Q&A section to ask us questions.Specimen-1Power of AttorneyI, __[your name here]______________________,Son / Daughter of ___[your father’s name here]___________________, R/o ____[your residential address here]__________________ do hereby authorize … [Read more...] about Power of Attorney – Income Tax