Taxation

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Taxation

Lakshmi Vilas Bank Moratorium: Central Government Order...

Lakshmi Vilas Bank

With a view of reducing the amount of withdrawals in the private sector, the Central Government has placed the private sector lender Lakshmi Vilas Bank und...

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Income Tax Taxation

Tax saving Scheme under section 80C

Tax saving

Tax saving is an integral part of everyone’s life. The tax saving investment can be made to save tax, as there are many deductions are mentioned under se...

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Taxation

Compound interest waiver during moratorium: Eligibility...

Compound interest waiver

The Central Government has announced certain guidelines for the waiver of compound interest, which was allocated by borrowers, who chose for a moratorium o...

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Taxation

Tax Implication on Lottery, Betting and Gambling

Betting and Gambling

The term Betting and gambling often used interchangeably, putting your bet on something of value, mostly money with the realization of risk in the hope of...

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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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Latest News Taxation

Transparent Taxation in India: A scheme to honour taxpa...

Transparent Taxation

Prime Minister Mr. Narendra Modi has brought out a scheme for transparent taxation to honor taxpayers' needs within the country.  This initiative was...

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Income Tax Taxation

Penalty for Breach of Section 269SS of the Income Tax A...

Section 269SS of the Income Tax Act

Finance plays a significant role in every business. In many circumstances, the own finances of an individual are not sufficient to fulfill the requirements...

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Latest News Taxation

A Comprehensive Synopsis of New TCS Provisions with Eff...

TCS Provisions

Finance Bill, 2020 has inserted a new TCS provisions Section 206 (1H) of the Income Tax Act, 1961, to charge TCS on sale of goods, which was to be effectiv...

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