Month: March 2020
Is TDS different from TCS? Which transactions attract TCS?
The term TDS stands for Tax Deduction at Source and TCS stands for Tax Collection at Source. In technical terms, these are mere obligations rather than taxes which are deducted at the time of payment. It is hard comparing and differentiating between TDS and TCS but this article will help you understand both in a […]
Gender bias in ‘Money Matters’
Not long back, I had scant interest in Finance & Taxation issues. And I had noticed that in most families, the onus to deal with finance and consequential taxes, rests with the men. Even if the women in the family are earning, they willy nilly abdicate this responsibility in favour of their husbands! Do women […]
What you must know before filing income tax return in India
Filing an ITR is mandatory for every Indian citizen. We all know that. While the same might seem like a tough task to do, the government has an array of forms available to make ITR filing as simple as possible for common Indian citizen. To begin with, the process can now be done online which […]