Recently, there has been a lot of talk about inheritance tax in India. This has led to policymakers, experts, and stakeholders engaging in renewed discussions and debates on the topic. Sam Pitroda, the chairman of Indian Overseas Congress, along with other influential figures, has brought…

There's been a new notification, Notification No. 2 of 2024, from the Central Board of Direct Taxes (CBDT). It's an important update that deals with the time limit for verifying Income Tax Returns (ITRs) after they've been uploaded. We are here to provide you with…

An essential component of the Indian tax system is the filing of income tax returns (ITRs), on which taxpayers report their earnings, allowable expenses, and taxes paid to the government. It allows people and companies to comply with legal requirements and make a valuable contribution…

The government's new tax regime has generated a lot of interest and discussion among taxpayers all over the country. This new tax framework is quite different from the old one, and it introduces some important changes to tax rates, deductions, and exemptions. The implications of…

The taxation of online gaming income has become a significant issue for both policymakers and taxpayers in the constantly changing digital world. The recent changes to the Income-tax Act, particularly Sections 115BB and the addition of new Section 115BBJ, are important steps in dealing with…

The Finance Act 2023 is a crucial part of India's financial landscape. It carefully outlines the fiscal policies and tax strategies for the financial year 2023-24 and those coming ahead. This important document aims to promote economic stability and growth. It not only explains the…

The Department for Promotion of Industry and Internal Trade (DPIIT) made a visionary decision when it introduced tax holidays under Section 80-IAC of the Income Tax Act, which completely changed the Indian startup scene. This provision provides qualifying companies with a financial lifeline during their…

There was a significant transformation in the landscape of non-profit organisations in India due to the Finance Act, 2020, which introduced pivotal amendments to Section 12A of the Income Tax Act. The amendments, especially the addition of Section 12AB, have significantly impacted the registration process…

Many people find it challenging to navigate the complexities of income tax, especially if they are salaried employees. When it comes to income tax planning, it's important to not just meet your legal requirements, but also to make the most of your financial resources in…