Honourable Finance Minister Mrs Nirmala Sitharaman had declared the Finance Budget of 2023-24 on 01st February in the Lok Sabha. Why there is a lot of discussion going around the Old Tax Regime and New Tax Regime of the Income Tax regime?
A Resident Individual is entitled to a Rebate of 100% of the amount of tax payable under the provisions of Section 87 A of the Act for the total income up to Rs. 7 Lakhs ( earlier it was Rs. 5L)
In this article, the author has examined the eligibility of ITC on expenses related to CSR, in light of the proposed amendment in Budget 2023.
The discussion was hosted by Sri CA Dinesh Wadera and various esteemed panelists participated in the discussion. Sri CA Abhishek Raja gave a clear insight on amendments of GST Sections announced in the Budget 2023
The Budget 2023 has also not disturbed taxation regime of NRIs except some provisions have been changed. The Shares generally issued to NRIs are of higher value and issuer's explanation to valuation is not satisfactory and hence the excess value above FMV will be taxable and any property gifted to NORI above Rs. 50000/- is chargeable to tax in India.
Considering the large volume of revenue being generated from winnings of online games, the rise in users of such games, variety of playing options and payment options, it was expected that the government may provide clarifications on the applicability of TDS and taxation of winnings from online games
As you are aware that MSMEs are the backbones of industrial development in any country. These MSMEs are the main source of generation of employment and act as k..
The article lists down the Indirect Tax Proposed Amendments by Finance Bill 2023
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"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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