Tag Archives: #TaxAuthorities

What is section 195 of Income Tax Act 1961?

Income Tax Act 1961

  Income Tax Act 1961   Section 195 of the Income Tax Act, 1961 is a crucial provision for the taxation of non-residents in India. It focuses on the tax implications of payments made to non-residents, ensuring that taxes are deduct at source (TDS) on specific types of income earn by non-residents from an Indian… Read More »

What is the difference between tax avoidance vs tax evasion?

What is Tax Avoidance?   Tax avoidance involves legally structuring one’s financial affairs to reduce tax liabilities while staying within the law. It involves using various strategies and methods to take advantage of deductions, credits, exemptions, and other provisions in the tax code to reduce the amount of taxes owed. Characteristics of Tax Avoidance: Legal… Read More »