2,09,06,829 number of Income tax Returns (ITRs) filed by individuals (between age of 18 to 35 years) during FY 2022-23 […]
Foreign portfolio investors will lose a preferential tax rate on interest from Indian government securities and corporate and foreign currency
Here’s a curious tale involving the common man, a con man and the taxman. A housekeeping worker, formerly a security
The Union Budget 2023-24 has proposed certain changes to the Income Tax search and seizure provisions in view of the
The Central Board of Direct Taxes (“CBDT”) has issued updated Frequently Asked Questions (“FAQs”) dated February 01, 2023 on e-Verification
Proceeds from life insurance premium over the annual premium of ₹5 lakh would be taxable from new financial year i.e. from
A taxpayer whose deductions and exemption claims are less than Rs 3.75 lakh annually would be advised to opt for
The government will bring another dispute resolution scheme under Vivad Se Vishwas-2 to settle commercial disputes, finance minister Nirmala Sitharaman
A mid-level income tax employee gained access to the computer systems of his superiors and managed to generate fake tax
A recent tweet by CNBC-TV18 stated that sources say the Government would also announce tax benefits under Section 80D. Interestingly,
