Taxation

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...

To enable the electronic conduct of income tax assessment proceedings, a faceless scheme of scrutiny was launched by CBDT. With the introduction of such a...

All assessees have to file their returns of income with the Income tax department to furnish the complete details of income pertaining to the relevant fina...

In India, gifts are often exchanged between close knitted families and known acquaintances which acts as a symbol of socializing and showing affection. The...

TDS or Tax Deducted at Source is a process of collection of tax by the Government of India at the time when the transaction takes place. Here the tax is......

Mutual funds are investment pooling entities that pool the capital of different investors and invest the money in a variety of investment options such as c...

Section 45 of the Income Tax Act, 1961 deals with taxability on capital gains arising from the transfer of capital assets in the previous year. According t...

Marriage is considered the coalescence of two souls. This intimate union of two people comes to us from the hand of God. Apart from the true love and compa...

There comes a time when a private limited company decides to shut down the business. In this case, the business owner may think about liquidating the compa...

What is Minimum Alternate Tax (MAT)? Minimum Alternate Tax (MAT) is a provision introduced in indirect tax laws to limit various tax concessions and other...

The government gives 4 months to its citizens to file their Income Tax Returns every Assessment Year. ITR filing is an easy and online process, so the time...

A Tax Residency Certificate is a certificate issued by the Income Tax Department. to the India Residents who earn Income from Countries with which India ha...