A BRIEF DISCUSSION ON THE PROPOSED NEW CHAPTER XIV-B IN THE FINANCE BILL
Explore the key takeaways from the Union Budget 2024 presented by FM Nirmala Sitharaman
Income tax slabs are the categories of income levels that determine the rate at which income tax is charged for the applicable financial year (FY) and assessment year (AY).
Securities and Exchange Board of India ('SEBI') released a consultation paper dated: July 16, 2024 on introduction of new asset class/ product category.
Due date for filing of Income Tax Return for Individuals is 31st July, but still, many people around the nation have not filed their Income Tax Return. What are the implications of not filing the ITR on time?
Filing an income tax return requires a careful and detailed process. But despite of our best efforts, mistakes happen.
Suggestion to permanently change the deadline has been given by the taxpayers as they are facing difficulty in accessing Form 26AS and AIS. Due to technical issues on the Income Tax Portal, there is an increasing demand to extend the ITR filing deadline from July 31, 2024, to August 31, 2024.
In recent years, Micro, Small, and Medium Enterprises (MSMEs) have gained significant importance in driving economic growth and development. These businesses pl...
![Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]](/img/previewthumb/paidnfree/Feb_6.jpg "Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]")
In the instant case, evidently, the tax liability discharged by the assessee was in pursuance of the agreement with the transferor for taking over the business and was a part of the consideration for the transfer.
This article explores the essential ratios you should consider when selecting a mutual fund.
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