Latest Happening in Income Tax in India
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…
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…