Union Finance Minister Smt Nirmala Sitharaman on July 23rd, 2024 under new tax regime, hiked the standard deduction to Rs. […]

ITR-2 is an Indian Income Tax Return Form used by individual taxpayers and Hindu Undivided Families (HUFs) who do not

Form ITR-B is a new income tax return form which is specifically designed for taxpayers subjected to search or requisition

Transport allowance is an allowance provided by the employer to their employees for expenses related to commuting between their place

Income is taxable under the head ‘house property’ if it arises from a property of any building or land appurtenant

Dividend refers to the portion of profit that is distributed by companies to its shareholders, either annually or quarterly, depending

ICAI has introduced a new financial statement format for non-corporate entities such as proprietorship firms, individual businesses, Limited Liability Partnerships

Section 44BBC is a new rule in the Income Tax Act which has been designed to help non-resident cruise ship

Form 26Q is an essential document for reporting Tax Deducted at Source (TDS) on payments unrelated to salaries in India.

Income Tax Slabs The new income tax regime has been made the default tax regime. The slab rates are: Income