With just a few days left for the Union Budget 2025 presentation, sectors such as banking, insurance, and others are holding ...

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Many taxpayers feel that they do not get anything in return for their sincerity in paying taxes to the government. This ...

India has an extensive tax appeals system that starts from the Commissioner of Income Tax Appeals to the Supreme Court.

NRIs selling property in India face a steep 20% TDS deduction, whatever their actual tax liability might be. TDS deductions can substantially affect your cash flow and keep funds locked until you get ...

Madurai: Paying income tax is an important duty, but certain benefits can be considered for honest taxpayers if and when they ...

The current income-tax law is complex for average taxpayers due to its technical jargon and numerous provisos, circulars, and ...

In conclusion, the ITAT’s decision in favor of the trust reinforces the importance of adhering to CBDT guidelines. The ruling highlights that for trusts registered under Section 12A, the exemption ...

The new system would let couples file taxes together or separately, potentially doubling the basic exemption limit for joint ...

The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV Scheme, 2024), introduced through the Finance (No. 2) Act, 2024, aims to ...

Freelancers choosing Section 44ADA have to declare a minimum of 50% of their gross receipts as income, but they can still ...

The PPT is essentially a “purpose”-driven inquiry seeking to ascertain the subjective reasons of an investor to locate in a ...