Tue, Nov 07, 2023
Don't assume that all transactions between spouses are tax-free. There are some nuanced rules to be aware of, especially when it comes to gifts, investments, and rental income. In this video, we'll break down the key tax implications to keep in mind when dealing with your spouse financially.
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Wed, Nov 01, 2023
State-run oil marketing companies Indian Oil Corporation (IOC), Bharat Petroleum Corporation, and Hindustan Petroleum Corporation have revised the prices of commercial 19kg LPG cylinders by up to Rs 101.5 each in the four Indian metros.
Tue, Oct 24, 2023
Billionaires' personal tax in the United States is estimated to be close to 0.5% and as low as zero in otherwise high-tax France, the Observatory estimated.
Sat, Oct 07, 2023
GST Council Meeting: Chhattisgarh Deputy Chief Minister T S Singh Deo, who is a member of the GST Council, said extra neutral alcohol (ENA) for industrial use will continue to attract Goods and Services Tax (GST).
Thu, Oct 05, 2023
The law committee has recommended adopting valuation rules in line with safe harbour rules under the Income Tax Act for providing corporate guarantees.
The fitment committee of the Goods and Services Tax (GST) Council, at a meeting, rejected the industry request for reducing the GST rate on lithium-ion batteries for electric vehicles from 18 per cent to 5 per cent.
Sun, Oct 01, 2023
On August 11, the Lok Sabha, during its final session of the monsoon season, passed amendments to two Goods and Service Tax (GST) laws with a voice vote and minimal debate.
Sat, Sep 30, 2023
The Karnataka government on Friday promulgated an ordinance to amend the Karnataka Goods and Services Tax Act to facilitate the imposition of 28 per cent GST on online gaming.
Wed, Sep 27, 2023
PwC Australia said on Wednesday it would adopt, and in some cases already had, the report's 23 recommendations, which include appointing an external chief risk officer, revamping firm culture, and linking partner pay to ethical behaviour.
Sat, Sep 09, 2023
Real-estate investors can save a sizable portion of their profits by referring to the tax exemptions in Section 54 and Section 54F of the Income Tax Act.
Fri, Sep 08, 2023
Money Guru: Is there tax on gifts from parents also? Is money received in marriage also tax free? Know the answers to all the questions in today's video.
Tue, Aug 22, 2023
The GST council has set up a grievance redressal portal. Customers and taxpayers can lodge their complaints or seek answers to their GST-related issues using this platform.
Fri, Aug 18, 2023
A fake GST bill is generated by scammers to dupe businessmen and customers, even without any actual supply of goods or services or GST payment. It is basically generated for various fraudulent reasons like tax evasion.
Wed, Aug 09, 2023
Engaging in secondary employment, or moonlighting, isn't unlawful or against the tax laws. Individuals who've misreported their earnings, sometimes hiding sums even double the amount earned from their primary job, are under scrutiny of the I-T department.
Nearly 10 per cent of taxpayers took no advantage of the Section 80C deductions. Only 55 per cent of taxpayers fully utilised the Rs 1.5 lakh deduction limit, with another 10 per cent claiming the deductions between Rs 1 to Rs 1.5 lakh.
Sun, Aug 06, 2023
The trust in developmental works among tax paying people has increased and because of that the number of taxpayers is also going up, Modi said.
Thu, Aug 03, 2023
Section 80C of the Income Tax Act, 1961, is one of the most commonly used sections for claiming tax deductions. Under Section 80C individuals can claim deductions for certain investments and expenses. These included investments in pension schemes, PPF and life insurance, among others.
Mon, Jul 24, 2023
While many basic deductions that resident Indians are eligible for are not available for NRIs, they can save on taxes in many different ways.
Mon, Jul 17, 2023
Wrong bank account details shared while filing Income Tax Return (ITR) can cause delays in receiving the tax refund. Ahead of the July 31 deadline of filing ITR, taxpayers can rectify the error and update their bank account details online through the e-filing portal of the Income Tax Department.
Thu, Jul 13, 2023
Income tax return: Many times people make mistakes even in choosing the right ITR form. It is necessary to choose the right ITR form first. There are many advantages of filing ITR as well. It is the month to file Income Tax Return (ITR filling). Obviously you are trying to file it on time with all your preparation. But before filing ITR do you cross check whether you have made any mistake? After all, what are the things a taxpayer should consider before filing ITR? Also know what are its benefits.
Wed, Jul 12, 2023
A person can claim the tax refund of the excess tax paid/deducted during a financial year. The last date to file ITR is July 31.
Mon, Jul 10, 2023
GST Council meeting to be held tomorrow. What is the agenda of this meeting? What issues can be discussed in the meeting?
Sun, Jul 09, 2023
Notified the exchange of information between ED and GSTN under the Prevention of Money Laundering Act, 2002 (PMLA) to help in such kind of investigations.
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