A deduction is available under Section 80DD of the I-T Act to a resident taxpayer, if he has incurred expenses for medical treatment, training, and rehabilitation of a dependant parent, with disability..
The first tranche of the Rs 20 lakh crore economic package..
Relaxation in statutory and compliance matters announced by the FM..
Attention Taxpayers! Safeguard yourself from fake messages on GST Refunds It has been observed that some fraudulent messages are being circulated on WhatsApp, Email and SMS, claiming to process GST refund. It clearly shows that some miscreants have started to take undue advantage of Covid-19 crisis, by sending out fake messages with phishing links. One such link takes to a portal claimed to have been developed by GSTN. The same is fake and Government has notified only&nbs..
As soon as the budget is presented, We see a deluge of analyses and memes coming our way. However, readers of this blog know that we choose to wait for clarifications and finer details so that readers get the right perspective for themselves. ..
"Taxpayer's Parade" : Beware of Anti-Tax Evasion Weapons..
When an NRI sells its property Situated in India then his major concern is taxation. It is seen that when a person starts living outside India then subject to the provisions of the Income-tax act, 1961, he becomes the resident of such a foreign country and liable to pay his taxes in such a country. ..
The tiresome and troublesome process of navigating and uploading a TDS return on the TRACES portal has been simplified by the Income Tax Department. Now the IT ..
Sometimes we exchange assets such as immovable property and ignore the taxation aspect thinking that as there is no money transaction, no tax is applicable. Le..
IntroductionSEIS [ Services Export Incentive Scheme] is one of the export incentive scheme of DGFT in chapter 3 of Free Trade Policy 20..