A detailed overview of various allowances as per the Income Tax Act and the 2024 Budget.
21 August 2024 at 17:17
Angel Tax, introduced in 2012 under Section 56(2)(viib) of the Income Tax Act 1961, was a tax levied on startups receiving investments from angel investors when the amount raised exceeded the fair market value of the shares issued.
21 August 2024 at 07:12
ITAT Mumbai rules that a Rs 20 lakh gift received from a brother in the UAE is exempt from tax under the Income Tax Act, providing clarity on tax-free gifts from relatives abroad.
20 August 2024 at 08:37
Understand the risks associated with early tax filing.
19 August 2024 at 11:14
On this special day, many brothers and sisters exchange gifts as a token of their love and bond. But what about the tax implications of these gifts?
Download Automatic Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for the FY 2024-25 as per Budget 2024
14 August 2024 at 08:42
Upholding ITAT's decision to delete income tax addition under Section 69 of the Income Tax Act (ITA) due to lack of direct evidence.
13 August 2024 at 08:40
During divorce proceedings, obtaining your spouse’s Income Tax Return (ITR) statements is often crucial for determining financial obligations and fair maintenance.
13 August 2024 at 08:40
The restoration of indexation benefits is a significant development, especially for those dealing with the transfer of land and buildings.
Find answers to your questions about tax audit reports.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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