Income Tax Articles
Income Tax Act Revamp (Comprehensive Review): Status and Suggestion on TDS/TCS provisions (Cumbersome, Rates & Overlap)
The income tax department has received 6,500 suggestions from stakeholders over the past month on review of the Income Tax Act.
Choosing the Best Tax Regime for an Annual Income of Rs 10 Lakh: New vs Old
As an individual with an annual income of ₹10 lakh, one of the key decisions you need to make when filing your taxes is choosing between the old tax regime and the new tax regime.
ITR is Statutory Document that must be considered while deciding Compensation
The ITR (Income Tax Return), which is a statutory document, is required to be considered for the purpose of assessing the income of the deceased, which is inclusive of perquisites and allowances, in the light of judgment rendered by Hon'ble Apex Court in the case of Meenakshi v. Oriental Insurance Co. Ltd.
Revamping The Income Tax Act: New Tax on Exempt Categories
The Finance Ministry is accelerating efforts to review and streamline the Income Tax Act of 1961.
Documents Required for APEDA Registration in India
In this article, we shall cover the common documents required for APEDA registration, the eligibility standards and additional documents required for the same.
Updates Related To Revamp of IT Act 1961
On occasion of the 165th year of Income Tax Finance Minister Nirmala Sitharaman ji has announced that the much-awaited new direct tax law would soon be introduced in 2025
Revision TDS Return Online: Process and Advantages
If we talk about the frequency, the TDS return may be revised multiple times, which allows taxpayers to make corrections as and when needed. However, it is advisable to avoid excessive revisions to prevent complexities in record-keeping.
Income Tax Act Revamp: An Introduction
The Committee for Comprehensive Review of the Income Tax Act, 1961 has been now formed under the chairmanship of Mr V K Gupta, Chief Commissioner of Income Tax....
Income from Renting under House Property Income or PGBP
Income from rental property has different connotations depending on whether it is treated as house property or business income –· Rental income f
Benefits of Buying a Flat in Your Wife's Name
Buying a flat in your wife's name can offer various tax benefits and other financial advantages, especially in countries like India, where tax laws provide incentives for female property ownership. Here are the key benefits and things to consider.
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