Income Tax

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GST Income Tax

GST and Input Tax Credit on Promotional Products

Input Tax Credit

Nowadays, businesses are aggressively involving in the promotional methodologies to further accelerate the sales of their product and it is also witnessed...

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Income Tax

The Implication of Income tax on the Gift

tax on the Gift

India as a country follows the joint family structure system and has so many festivals to be celebrated owing to the diverse religions, customs and culture...

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Income Tax

Data analytics for Tax authorities

data analytics for tax

Data is the groundwork, upon which this brand new digital tax world is being set up, and the quality of that result will depend on the superiority of the d...

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Income Tax

Faceless Appeals initiated by CBDT

Faceless appeals

The Income tax Department of India has initiated a new method relating to filing of an appeal, the Faceless Income Tax Appeals. Under this method of the fa...

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Income Tax

Non-Agricultural and Agricultural Income: Will both be...

Non-Agricultural and Agricultural Income

India is an agricultural rich economy. There are many perks and incentives provided to those who make a living through it. In India, the income from agricu...

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Income Tax

Liable for Prosecution- Income Tax offences

Income tax offence

The penalties are incurred due to the default of the taxpayer. There are many activities that can further attract the prosecution under the Income Tax act....

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Income Tax

Educational Institution: Income Tax Perspective

Educational Institution

Income tax on educational institutions often remains the most controversial topic. The nature of the educational institutions such as high-end educational...

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Income Tax Taxation

Cash withdrawal of more than 1 Crore attracts TDS

Cash withdrawal

The Central government to reduce cash transactions and move one step forward towards the cash-less economy brought out a new amendment by introducing Secti...

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