Section 44BBB governs the taxation of foreign companies involved in turnkey power projects in India. Learn tax rates, scope, and compliance rules under this provision.

Section 44BB provides a special taxation scheme for non-resident oilfield service providers in India, taxing income on a presumptive basis to simplify compliance in the oil exploration sector.

Section 44AE offers a simplified tax scheme for transporters owning goods vehicles, allowing fixed presumptive income per month per vehicle. Learn eligibility, limits, and ITR filing rules.

Section 44ADA allows certain professionals like CAs, doctors, and IT consultants to declare 50% of gross receipts as income without maintaining books or auditing.

Section 44AD offers a simplified presumptive taxation scheme for small businesses with turnover up to ₹2 crore. Learn how it works, applicable rates, and who can opt for it.

Detailed guide on Tax Audit under Income Tax Act – Know the applicability thresholds, forms used, audit procedure, due dates and consequences for non-compliance.

Section 206CG of the Income Tax Act mandates Tax Collected at Source (TCS) on toll plaza contracts. This provision applies to contractors or licensees collecting tolls through agreements with government bodies. Learn TCS rate, threshold, compliance needs, and exemption scenarios for FY 2025-26.

Learn all about Section 206CF – TCS on Parking Lot Contracts under the Income Tax Act. Check applicability, TCS rate, and compliance rules in simple terms.

Section 206CE – TCS on Sale of Scrap covers the collection of tax at source (TCS) on sale of scrap by sellers. Learn about rates, exclusions, and compliance under Income Tax Act.

Section 206CD of the Income Tax Act mandates Tax Collection at Source (TCS) on the sale of forest produce (excluding tendu leaves). This ensures tax compliance for traders handling various forest goods such as bamboo, firewood, and herbs.