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Income Tax
14 May 2024
Taxpayers Can Now Check Status Of Their Feedback On Financial Transactions
Income Tax Department has taken a new initiative towards ease of compliance and enhanced taxpayer services.
CBDT
17 Apr 2024
CBDT Signs Record 125 Pacts To Ease Tax Payments By Big Multinational Firms
With this, the total number of APAs since the inception of the APA programme has gone up to 641.
direct tax
12 Feb 2024
Direct Tax Collections At 80.23% Of Total Revised Estimates Of Direct Taxes
Refunds amounting to Rs. 2.77 lakh crore have been issued during 1st April, 2023 to 10thFebruary, 2024.
CBDT
20 Aug 2023
CBDT Relaxes Rules For Valuing Rent-Free House By Employer, Read Impact
The new rules will provide a major relief to top management players or high salaried employees in corporate as their take home salary will increase.
how to save taxes on salary
25 Jul 2023
Tired Of Paying High Taxes? Maximise Savings By Claiming HRA And NPS
One can claim HRA to reduce tax outgo. Availing the NPS benefit can also reduce taxes. Food coupons can also add to tax saving.
SUVs
12 Jul 2023
SUVs To Get Expensive; GST Council Proposes New Cess Slabs - Check Here
The GST council has set new rules to identify SUVs, and the body style will now attract more taxes as the councils sets new cess slabs.
Income Tax Act
26 May 2023
What You Need to Know About NRI Gift Tax in India
Certain gifts are exempted from taxation. Even non-monetary gifts can be taxed. Gifts are taxed under various income brackets for tax payers.
Income Tax Act
26 May 2023
What You Need to Know About NRI Gift Tax in India
Certain gifts are exempted from taxation. Even non-monetary gifts can be taxed. Gifts are taxed under various income brackets for tax payers.
IT dept
27 Apr 2023
I-T Dept To Soon Notify Modified Valuation Rules, Taxing Foreign Investment
FEMA regulations mandate that issue of a capital instrument by an Indian company shall not happen at any value less than Fair Market Value computed as per FEMA laws.
Income Tax
23 Mar 2023
New Mobile App For Taxpayers Launched, Know Benefits And How To Use The App
Taxpayers can use the AIS mobile app to view their information related to TDS/TCS, interest, dividends, share transactions, tax payments, Income Tax refunds, and Other Information.
Women's Day
08 Mar 2023
What is Pink Tax, which makes the products of girls expensive?
Pink Tax is not a real tax, but it is the price that women are paying for being women. And it is not imposed by the government, but by the companies, the prices of the products are specially made and sold in the name of women. So how does this pink tax work, we give complete information.
Budget 2023
01 Feb 2023
#Cigarette Takes Twitter by Storm as Budget 2023 Announced 16% Tax Hike
FM Nirmala Sitharaman tabled the union budget 2023-24 on Wednesday in Parliament, which was the last full budget for the Modi 2.0 government.
Budget 2023
29 Jan 2023
Budget 2023: Capital Gains Tax Should be Rationalised, Say Experts
The Finance Ministry is already working on a user-friendly common income tax return form for all taxpayers and an announcement to this effect is expected in the 2023-24 Budget to be unveiled on February 1.
NPS
13 Aug 2022
Ensure guaranteed Rs 44,793 every month with NPS scheme; Know the way here
The NPS account will give a lump sum amount to your wife on attaining the age of 60 years. Money can be deposited in NPS account monthly or yearly. NPS is the Social Security Scheme of the Central Government.
Budget 2022
29 Jan 2022
Budget 2022: ICAI seeks tax, accounting reforms
The suggestions include permitting carry back of losses and introducing suitable legislative amendments for its application. It is relevant for hospitality, passenger transport and some other sectors.
Budget 2022
21 Jan 2022
Budget 2022: What Is Wealth Tax & Why Was It Abolished?
The Wealth Tax Act, 1957 was an Act of the Parliament of India that provides for the levying of wealth tax on an individual, HUFs or company. The wealth tax was levied on the net wealth of a person on 31 March of every year. Wealth tax was abolished in the Union Budget (2016–2017) presented by Union Finance Minister Arun Jaitley on 28 February 2016. It was then replaced with an additional surcharge of 2 per cent on the super rich with a taxable income of over 1 crore annually.
Budget
19 Jan 2022
Budget 2022: What Is Gift Tax & Who Introduced It?
Gift Tax was introduced in 1958-59 by former prime minister Jawahar Lal Nehru. Nehru, who was also the finance minister at that time, presented the gift tax provision during the union budget presentation. Watch the full video to know why exactly this tax was introduced.
Zomato
30 Dec 2021
Swiggy, Zomato orders to cost more from Jan 1
Customers will have to pay a 5% GST on all orders placed on online food delivery platforms. Till now, not all restaurants charge taxes on food orders. The proposal was accepted by the GST Council in its 45th meeting.
GST
29 Dec 2021
5 things will be costlier from 1 January 2022 due to change in GST rates
There are going to be many major changes in GST from January 1, 2022. This after the GST Council had decided to change the rate of tax on some goods during the meeting in September, according to which these changes in tax will be applicable from January 1.
GST
27 Nov 2021
Booking Auto via Ola-Uber? Get ready to pay 5% GST
Auto-rickshaws offered through online platforms will be subject to a 5% GST. This modification will have a direct impact on e-commerce industry firms that supply a significant number of auto rickshaw drivers. The new rule will come into effect from January 1, 2022.
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