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Taxation (Income tax)

Have you done tax planning for FY 2023-24 before the deadline 31st March 2024?- Checkout what you missed.

Financial year 2023-24 is reaching its end in a few days. 31st March is an important deadline with reference to ...

Highlights of Interim Budget 2024 (for FY 2024-25)

An interim budget is presented instead of a full budget in certain years due to the timing of general elections ...

Economic survey of India 2023-24 or The Indian Economy: A Review – January 2024 (Before Interim budget for FY 2024-25)

In an election year in India, the budget and economic survey presentation follow a different approach compared to a non-election ...

What to Choose: Old Slab Rate OR New Tax Regime as updated by Finance Budget 2023

In Budget 2023, some amendments are proposed for the new tax regime which was introduced in budget 2020 as an ...

Have you done tax planning for FY 2022-23 before the deadline 31st March 2023?- Checkout what you missed.

Financial year 2022-23 is reaching its end in a few weeks. 31st March is an important deadline with reference to ...

List of 136 incomes on which tax is not required to be paid in India. (Complete List of exempt income along with sections and conditions)

Generally when any person (Individual, HUF, AOP, BOI, AJP, Firm, Company or trust etc.) earn any income, then some part ...

Advance tax: Are you required to pay Advance tax? What are consequences for not paying Advance tax?

Do you know what is the due date for payment of Income tax for a financial year. ? With the ...

Important Highlights of Tax Proposals in Union Budget 2022 (FY 2022-23)

Today, i.e. 1st February 2022, Finance Minister of India presented Union budget 2022 . The Finance bill is the part ...

Have you done tax planning for FY 2021-22 before the deadline 31st March 2022- Checkout what you missed.

Financial year 2021-22 is reaching its end in a few weeks. 31st March is an important deadline with reference to ...

Have you done financial planning for 2020-21 before the deadline 31st March 2021 – Check out what you missed.

Financial year 2020-21 is reaching to its ends in few days. 31st March is an important deadline with reference to ...

Important Highlights of Tax Proposals in Finance Budget 2021-22

The Finance Minister, Nirmala Sitharaman presented her third Union budget 2021 in Parliament today i.e. 01-02-2021. Following are important proposals ...

Taxability of Mutual Fund: Is your mutual fund taxable or exempt?

Investment is a good habit to make our future more independent. Keeping some part of our money to get more ...

Important Highlights & Tax Proposals of Finance Budget 2020-21

Important Highlights & Tax Proposals of Finance Budget 2020-21 The Finance Minister, Nirmala Sitharaman presented his second Union budget 2020 ...

Clause 30C & 44 of Tax Audit report is kept in abeyance till 31st march 2019

On 17th August 2018, CBDT issued order under section 119 of Income Tax Act 1961 that reporting under clause 30C ...

In A New Record, Rs 10.03 Lakh Crore Collected As Income Tax In 2017-18

In a new record, Income Tax worth Rs 10.03 lakh crore was collected during 2017-18, the Central Board of Direct ...

Due date Calendar for August 2018

Statutory and Tax Compliance Calendar for August 2018 S.No Particulars of Compliance Forms/returns Due Date Compliances Calendar for GST 1 ...

An Overview of Tax Audit U/s 44AB of Income tax Act.

Tax Audit under section 44AB was introduced by Finance Act 1984, w.e.f. 1st April 1985 (A. Y. 1985-86). The main ...

How to File Income Tax Return for F&O Trading and Speculative transactions in FY 2017-18 (AY 2018-19)

Most of Salaried Employees are involved in derivative trading (trading in future and options or F&O on stocks, currencies, and ...

Due date Calendar for July 2018

Due dates for the month of July 2018. GSTR-3B (Jun 2018)-Jul 20th, 2018 GSTR-5 (Jun 2018)-Jul 20th, 2018 GSTR-6 (Jul'17 ...

Due date Calendar for June-2018

(A) Due dates for Compliances under GST for the Month of June 2018 10-06-2018- Due date for filing GSTR -1 for the ...

Have you done financial planning for 2017-18 before the deadline 31st March 2018 – Check out what you missed?

Financial year 2017-18 is reaching to its ends in few weeks. 31st March is an important deadline with reference to ...

Income Tax Dept. probes Rs. 1000 crore tax refund fraud by Govt. and PSU employees.

Belated or revised income tax return for the financial year 15-16 or 16 17 can be filed up to 31st ...

E-Way bill for movement of Goods: Target Dates

Under GST regime, an e-waybill needs to be generated and carried for movement of goods above rupees 50000. Previously on ...

E-way bill may start from 1st April-2018:Meeting of GOM

On 24-02-2018, in the meeting of GoM (Group of Ministers), it is decided to start the inter-state movement of goods ...

Date of Compulsory E-Way Bill Postponed.

To facilitate easy inter-state movement of goods throughout the country, National E-way bill was made compulsory w.e.f. 01-02-2018 for consignment ...

Important Highlights & Tax Proposals of Finance Budget 2018-19

Important Highlights & Tax Proposals of Finance Budget 2018-19 The Finance Minister, Sh. Arun Jaitley presented his fifth Union budget ...

Long Term Capital Gain is made taxable @ 10% w.e.f 1st April 2018

As proposed in budget 2018, w.e.f. 01-04-2018 Long term capital gains (from equity or units of MF) exceeding Rs. 1 ...

Highlights of Union Budget 2017-18

Key Highlights of Union Budget 2017-18 Today on Date 1st February 2017, Finance Minister, Mr. Arun Jaitley presented Union Budget ...

Secret Informer of Tax Department and Annual Information Return

Secret Informer of Tax Department and Annual Information Return (AIR): To curb black money, government need secret informer and to ...

File your Income tax Return: FAQ AY 2016-17

Income tax Return AY 2016-17 Q 1. What are the modes of filing return of income? Return of income can ...

Accounting code for payment of KKC

Accounting code for payment of KKC notified by CBEC The CBEC vide Circular No. 194/04/2016-ST dt. 26 May 2016 has ...

History of Service tax Rates and How to find which rate will apply?

History of Service Tax Rates History of Service Tax Rates since 01-07-1994 till date... From TO Rate EC on ST ...

Provident Fund in India, Its Taxability and TDS on Provident Fund

Provident Fund in India, Its Taxability and TDS on Provident Fund What is the Provident Fund(PF)? Provident Fund is a ...

Krishi Kalyan Cess (KKC) @ 0.5% introduced (from 1st June 2016)

Krishi Kalyan Cess (KKC) @ 0.5% introduced (from 1st June 2016) It is the time to face new cess named ...

India-Mauritius Tax treaty revised to curb Black Money

India-Mauritius Tax treaty revised to curb Black Money On date 11-05-2016, India getting Mauritius to sign a revised India-Mauritius tax ...

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