Latest Happening in Income Tax in India
Taxes are not just statutory obligations; they are the backbone of a nation’s development, enabling the government to build infrastructure, provide essential services, and foster economic growth. Despite these benefits,…
In a landmark judgment that reverberates through the corridors of tax planning and legal stratagems, the Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) laid down a decisive ruling…
Navigating the vast and intricate world of finance can be both challenging and enlightening, especially when it comes to understanding rental properties and the ensuing tax implications. This article serves…
Cryptocurrencies, heralded as the forefront of technological evolution in finance, are digital or virtual currencies that use cryptography for security. Unlike traditional currencies, they are decentralized and typically operate on…
In the multifaceted world of international business and taxation, transfer pricing stands out as a critical concern for multinational corporations. It involves setting the prices for goods and services transferred…
India, a burgeoning hub of innovation and entrepreneurship, has witnessed a remarkable surge in startups over the past few years. Recognizing the potential of these startups in driving economic growth…
Introduction to New Provisions of Income Tax Return and Its Importance In a bid to further streamline the income tax return process, and to continue empowering taxpayers, the Government of…
Modern tax administration relies not only on the compliance of its taxpayers but also on the robustness and fairness of its assessment processes. As part of this system, Section 263…
Form 26AS, also known as the Tax Credit Statement, is a crucial document for every taxpayer in India. It serves as a comprehensive record of taxes deducted from your income…
In the realm of taxation, transparency and detailed reporting are crucial for both taxpayers and tax authorities. The Annual Information Statement (AIS), introduced by the Indian Income Tax Department, represents…
In today’s digital era, the mode of conducting financial transactions has dramatically evolved from the traditional cash-only dealings to include a plethora of digital payment options such as net banking,…
Dividend income is a significant form of revenue for investors, stemming from investments in shares or mutual funds. These payments are essentially a portion of a company’s profits, distributed to…