Income Tax on Bitcoin in India

The finance Act,2022 has inserted a new section 115BBH with effect from 01.04.2022 to tax...

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Budget 2022 Highlights in 20 simple points

Income Tax changes • Taxation of Cryptos & Virtual Digital Assets : Income from transfer...

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TAX

Tax Planning for Salaried Individuals

Introduction to New tax regime From when it is applicable? The Government introduced S.115 BAC...

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Few notable upgrades in Tally Prime

Few notable upgrades in Tally Prime

S.NoAspectsDetails or Features1E-InvoiceFlexible to generate E-invoices bulkCapable of updating IRN information in the invoice with...

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Section 115BAA – New Tax Rate for Domestic Companies

Section 115BAA – New Tax Rate for Domestic Companies

Applicability of Section 115BAA? Section 115BAA of Income Tax Act is applicable to all domestic...

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Section 64(1A): Clubbing of Minor's income

Section 64(1A): Clubbing of Minor’s income

Introduction: Under the Indian tax laws, in addition to your own income, income of your...

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List of FAQs on Setoff and Carryforward of Losses

List of FAQs on Setoff and Carryforward of Losses

Background: This article mainly focuses on provisions of The Income Tax Act, 1961 and rules...

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EPF, NPS & Superannuation

EPF, NPS & Superannuation

Tax implications on Various Provident Funds : Types of PF’s : Recognised PF (RPF) :...

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Deduction in respect of purchase of electric vehicle (i.e. deduction u/s 80EEB)

Deduction in respect of purchase of electric vehicle (i.e. deduction u/s 80EEB)

Who can claim a deduction u/s 80EEB? The deduction under this section is available only...

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Clarification of Taxability of Dividend received from Indian Company in the hands of Foreign Company

Clarification of Taxability of Dividend received from Indian Company in the hands of Foreign Company

Dividend Distributed on or before 31.03.2020 If the Indian company distributes any dividend on or...

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Step by Step Procedure to Pay Advance Tax

Step by Step Procedure to Pay Advance Tax

Procedure to Pay Advance Tax and TDS/TCS:Step 1:Visit the below link https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jspAnd select Challan numbera) ITNS...

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Important Points that Salaried employee need to be aware about Income tax Act:

Important Points that Salaried employee need to be aware about Income tax Act

Important Points that Salaried employee need to be aware about Income tax Act: 1.Old vs...

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