Tag
#income-tax
income taxIncome-tax Act 2025 Cheat-Sheet: 194O, 44AD, Form 26AS
A lookup table of old and new section and form numbers for online sellers: 194O is now 393(1), 15G/15H is Form 121, presumptive tax sits in Section 58. Each row says whether it is officially sourced.
income taxSection 44AD for Online Sellers: Presumptive Taxation Explained
Can an Amazon or Flipkart seller use Section 44AD presumptive taxation and skip detailed books of accounts? Here's the eligibility, the 6%/8% rates, and how it interacts with mandatory GST registration.
income taxHow to Read Your AIS (Annual Information Statement) Before You File ITR
Your AIS shows the Income Tax Department everything third parties reported about you — TDS, TCS, GST turnover, bank interest, mutual fund trades. Here's how to download it, what to check, and how to fix a mismatch before the July 31 deadline.
income taxSection 194O Explained: The 0.1% TDS Every Amazon and Flipkart Seller Needs to Understand
Amazon, Flipkart, Meesho and every other marketplace deduct TDS from your payouts under Section 194O. The rate dropped from 1% to 0.1% from October 2024. Here's what it means for your cash flow, ITR, and how to claim it back.