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Tag: Income Tax

Technology for MSMEs: Meesho is also exploring the government’s pet online project Open Network for Digital Commerce (ONDC) which is pitched to turn e-commerce into an open digital infrastructure instead of being dominated by large marketplaces....
The ongoing recovery in the global equity market, healthy correction in the US DXY along with a recovery in peer currencies like Euro and Pound supports a corrective view in the USDINR pair. The Indian rupee...

Income Tax Alert! Not filed ITR? Get Ready To Pay Higher TDS in FY 2022-23

Not filing Income Tax Return (ITR) before the due date is going to be costly for some taxpayers! Not filing Income Tax Return (ITR)...

Your queries – Income Tax: NRIs can claim benefits under tax treaties

The LTCG so calculated is taxable at 20%, plus a cess of 4%. By Chirag Nangia I have been working in Zambia...

Got a salary hike? How to plan your investments to save taxes

Along with getting more money to spend, you have to pay more tax also on hiked salary, if all the available tax-saving avenues are...

Income-Tax dept issues guidelines for selection of tax returns for complete scrutiny

The objective of this is to confirm that the taxpayer has not understated the income, computed excessive loss or underpaid the tax in any...

PAN, Aadhaar made mandatory for cash deposits or withdrawals above Rs 20 lakh

The Government has constantly been striving to increase its taxpayer base to be able to bring such people under the tax net who may...

Income Tax exemption for home buyers: No tax on making new house habitable, cost of interiors – Details here

Homeowners can claim capital gain tax exemption against bonafide expenses for making the new house habitable before possession under Section 54 of the Income...

Sold house at a loss? You still have to report it in ITR

While filing a return of income one must disclose income from all sources, irrespective of the amount, else at the time of processing of...

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