Income Tax

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Income Tax

Section 80DD of the Income Tax Act: Who is eligible to...

Section 80DD of the Income Tax Act

In India, taxes play an important role, as a major part of the government income is formed out of the taxes paid by the citizens. That’s why an individua...

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Income Tax Latest News

Pan-Aadhaar Linking – Final Extension Granted by CBDT...

Pan Aadhaar Linking Date Extended

Having been extended multiple times earlier, the income tax department finally comes up with a formal notification dated 13th February 2020 to set up the d...

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Income Tax

Employee State Insurance: Its Concept and Process for R...

Employee-State-Insurance-Its-Concept-and-Process-for-Registration

ESIC is the acronym form for the Employee State Insurance Corporation. This is an autonomous body established by the Ministry of Labor and Employment that...

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Income Tax Taxation

Provision-wise Analysis of Key Income Tax Changes vide...

Analysis of Key Income Tax Changes

The Finance Minister (FM), Nirmala Sitharaman, proposed some income tax changes vide Finance Bill, 2020. Some key provisions of the Income Tax Act, 1961, w...

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Income Tax Taxation

Abolition of Dividend Distribution Tax and impact of it...

Abolition of dividend distribution tax

With a view to decrease compliance burden on issuing companies w.r.t. tax deduction certificates and to ease the collection of taxes, the DDT system was in...

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Income Tax Taxation

Old vs. New Tax Rates – Whether a taxpayer should cho...

Old vs New Tax Rates

A new and simplified income tax regime was proclaimed by the Ministry of Finance on 1st February 2020. The Finance Minister, Nirmala Sitharaman, stated in...

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Income Tax Startup Taxation

Income Tax Slabs: Tax Rates for the Financial year 2020...

Income Tax slabs for financial year 2020-21

The Union Government in Budget 2020 has proposed a new tax regime by slashing Income Tax Rates. Some changes have been made in the income tax slabs to decr...

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Income Tax Taxation

Income Tax Changes to be expected in Budget 2020-2021...

income tax

Assumptions are on high that Finance Minister Nirmala Sitharaman will provide some relief on the personal Income Tax in the upcoming Budget session. The ex...

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