Income Tax
The government plans to introduce new Income Tax and MSME legislation in Parliament, potentially bringing significant reforms to tax administration and support for small …
Income Tax
India has amended its Double Taxation Avoidance Agreement with Sri Lanka to prevent tax evasion and close loopholes. Here's what the updated treaty means …
Income Tax
The Income Tax Department has published a comprehensive user guide to help taxpayers report foreign assets and income in their tax returns, simplifying compliance …
Income Tax
If you've sold shares, property, or cryptocurrency in the last financial year, understanding capital gains tax is crucial before filing your income tax return …
Income Tax
The Income Tax Appellate Tribunal has granted significant relief to SGS India by ordering a refund of excess Dividend Distribution Tax and limiting the …
Income Tax
Section 44ADA offers a presumptive taxation scheme for professionals, allowing simplified tax compliance. Here's what has changed and answers to common questions about eligibility, …
Income Tax
The government is set to introduce five significant bills in the upcoming Monsoon Session of Parliament, covering income tax reforms, MSME sector changes, and …
Income Tax
Completing e-Verification within 30 days of filing your income tax return is essential to make it valid. Here's what happens if you miss the …
Income Tax
Indian taxpayers can now access information about their foreign assets and income in the Annual Information Statement (AIS) on the income tax portal, helping …