Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%
Let us know the tax-saving options available in the income tax
The Indian government has recently made an announcement that cryptocurrencies will now be included in the Prevention of Money Laundering Act (PMLA).
Here are a few landmark judgments by the Supreme Court of India in favor of Assessees in Income Tax cases
Section 80C, Section 80CCC and Section 80CCD (1) |Deduction in respect of life insurance premium, contributions to provident fund, sukanya samriddhi yojana, NSC, NPS, APY etc.
Any person being a transferee of immovable property, other than the agricultural land, responsible for making payment to a resident transferor as consideration for transfer of any immovable property, shall deduct TDS @1% of such payment.
The deadline to link Aadhaar with PAN has been extended several times in the past, and the latest deadline is March 31, 2023. If an individual fails to link their Aadhaar with their PAN by the deadline, their PAN card will become inoperative from April 1, 2023.
Here are some of the most popular tax-saving investments that you can consider before March 31, 2023
We all well know that, surcharge rates are applicable to Individual/ HUF/ AOP/ BOI/Artificial juridical persons under Income Tax Law
What is the difference between Section 194Q and Section 206C (1H) of the Income Tax Act, 1961
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