Income Tax

Never Stop Learning

Income Tax

Section 234A: Interest for delay in filing the return o...

Section 234A

Every assessee in India is obligated to file an income tax return and make the timely payment of income tax. The Income Tax rules provide that an individua...

Read More
Income Tax

Tax Planning and Strategies to Minimize Tax Liability...

Tax Planning

Tax planning is a continuing effort and a management strategy for ensuring the minimization of the tax liability of an individual. It is essential to thoro...

Read More
Income Tax

CBDT issues Guidelines to Clarify ‘Net Winnings’ on...

Net Winnings

On 22nd May 2023, the Central Board of Direct Taxes (CBDT)[1] issued a new circular under section 194BA (3) of the Income Tax Act 1961 (the Act). Section 1...

Read More
Income Tax Fox NRI

Tax Implication of Foreign Income

Tax Implication of Foreign Income

Anyone can have different sources of income. With globalization and the opening up of economies, one can also have income from other countries. But, such i...

Read More
Income Tax

Tax Implications of Receiving Inheritance

Tax Implication

After the passing away of a person, the property and assets get passed on to the deceased person's legal heirs such as children, grandchildren, or wards. T...

Read More
Income Tax

Tax Compliance Services in the Cayman Islands

Tax Compliance Services

Tax compliance services in the Cayman Islands are designed to help individuals and businesses comply with local tax laws and regulations. Despite the absen...

Read More
Income Tax

Income Tax Department Launches the “AIS for Taxp...

AIS for Taxpayer

On 22.03.23, the Income Tax Department issued a press release launching the "AIS for Taxpayer" mobile app as an initiative to provide enhanced taxpayer ser...

Read More
Income Tax

TDS under Section 194S of the Income Tax Act

TDS under Section 194S

Virtual Digital Assets are assets in the form of Cryptocurrency or Non-fungible assets or any other digital asset notified by the Central Government in the...

Read More

Trending Posted