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Income Tax is that form of Direct Tax imposed by the government on the annual Income either generated by Individuals or business entities. A share is calcu...
Any profit or gain arising from the sale of a 'capital asset' is known as 'income from capital gains'. Capital gain is taxed in the year in which the capit...
Do you want to transfer money to your spouse's account so she can meet personal expenses? Will that money be counted as income? Or is it considered as borr...
Any profit from a capital asset is classified as Capital Gains for income tax and will be subject to capital gains tax. Land is treated as a Capital Asset,...
An Income Tax Return (ITR) is a document that every taxpayer is required to file with the Income Tax Department. ITR is filed to declare the income earned...
The most common type of allowance a salaried person receives is House Rent Allowance (HRA). Those who live in a rented property can maximize their tax savi...
Taxation of Stipend Income has been controversial. Under the Income Tax Act, there is no mention of a ‘stipend.’ The Income Tax Act only states that th...
The Income Tax Act's Section 203A mandates that all individuals or any business required by the government to withhold or collect TaxTax must get a TAN. Th...
The revised Credit Information Reporting Framework of the RBI is now in the implementation stag...
The RBI has given some extra time to companies that were preparing to file their FLA returns by...
SEBI has made important changes to the Foreign Portfolio Investor (FPI) Regulations t...
The Reserve Bank of India plays a vital role in maintaining the stability of the Indi...
Starting a business in the Middle East or GCC market is a great opportunity. However,...
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