Latest Happening in Income Tax in India
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…
The Employees’ Provident Fund (EPF) stands as a pivotal component of retirement planning for salaried employees in India. Governed by the Employees’ Provident Fund Organisation (EPFO), this scheme not only…
Cryptocurrency, an innovation of digital technology, is swiftly ushering in a new era in the financial world. Defined as a decentralized digital asset and a medium of exchange, it operates…
In a landmark judgment that has drawn significant attention from the healthcare and pharmaceutical sectors, the Supreme Court of India has established a precedent with far-reaching consequences. The case in…
As globalization integrates world economies, individuals often find opportunities and responsibilities crossing the borders. For Indian residents who earn income outside India, understanding and managing double taxation gains paramount importance…
The landscape of investments and financial assets has profoundly transformed with the integration of digital technology. Among these advancements, Virtual Digital Assets (VDAs) such as cryptocurrencies and Non-Fungible Tokens (NFTs)…
The sheer vibrancy and joy of wedding celebrations in India are matched only by the opulence of gifts exchanged. From cash to cars, jewellery to property, wedding gifts essentially mirror…
For Non-Resident Indians (NRIs) navigating financial obligations across countries, the management of finances can often appear daunting. Deciding where to deposit earnings, how to manage Indian income, and understanding repatriation…
Welcome to the comprehensive guide on Section 194-IB, which is crucial for tenants who are paying a monthly rent exceeding 50,000. We will try to break down this section to…
Dividends are a form of income derived from investments in shares of companies or mutual funds. For those investing in such financial instruments, understanding the tax implications of dividend income…
The concept of a Hindu Undivided Family (HUF) is not only a fundamental aspect of Hindu law but also a highly favored entity for income tax planning in India. At…