#delay in income tax refund

Read more about the article Understanding Section 115Q of the Income Tax Act: Tax on Distributed Profits and When a Company is Deemed to be in Default

Understanding Section 115Q of the Income Tax Act: Tax on Distributed Profits and When a Company is Deemed to be in Default

Corporate taxation is a crucial part of compliance for businesses, and one key area in this domain is the tax on distributed profits. Introduced through Chapter XII-D of the Income…

Continue ReadingUnderstanding Section 115Q of the Income Tax Act: Tax on Distributed Profits and When a Company is Deemed to be in Default
Read more about the article Understanding Section 115P of the Income Tax Act: Interest Payable for Non-Payment of Tax by Domestic Companies

Understanding Section 115P of the Income Tax Act: Interest Payable for Non-Payment of Tax by Domestic Companies

When it comes to tax compliance, domestic companies are required to meet certain obligations. One such obligation is the payment of tax on distributed profits, also known as Dividend Distribution…

Continue ReadingUnderstanding Section 115P of the Income Tax Act: Interest Payable for Non-Payment of Tax by Domestic Companies