Taxation

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Taxation

E-Settlement Scheme for Small Taxpayers

E-Settlement Scheme for Small Taxpayers

Recently CBDT (Central Board of Direct Taxes) announced the introduction of the e-settlement scheme, 2021. This scheme is aimed to settle pending applicati...

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Taxation

Agreement Between Nations to Pay a Global Minimum Tax o...

Global minimum tax

A majority of the governments across the world have signed a landmark agreement that may compel multinational businesses to pay their fair share of taxes i...

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Latest News Taxation

SC observes obliteration in the difference between tax...

Tax and Fee

The Supreme Court of India in the case of Jalkal Vibhag Nagar Nigam and ors vs. Pradeshiya Industrial and Investment Corporation and Anr. observed that the...

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Taxation

A Brief Understanding on Investment in Equity Shares &#...

Investment in equity shares

Earlier majority of the people used to invest in FDs, bonds etc., to make some additional income however, with time, this trend has seen a definite shift w...

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Taxation

CBDT claims India will gain from OCED global tax deal...

CBDT claims India will gain from OCED global tax deal

The Central Board of Direct Taxes (CBDT) expects that India might stand to gain in terms of tax revenues once the global tax deal gets implemented in the c...

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Income Tax Taxation

All you need to know about Tax Saver Fixed Deposits...

All you need to know about Tax Saver Fixed Deposits

A person can create a fixed deposit account from a period as low as 1 year to as high as 10 years but do you know that 5 year fixed...

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Taxation

Important Tax and Compliance Tasks for Business Owners...

Important Tax and Compliance Tasks for Business Owners

When you operate your business, you may overlook several tax and compliance-related activities. Below mentioned is a list of tasks that you should be...

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Income Tax Taxation

Penalty for Tax Evasion

Penalty for Tax Evasion

In India, evading income taxes is a crime. Tax evasion is punishable by severe fines under Chapter XXII of the Income-tax Act of 1961, and in some circumst...

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