Explore the journey of capital gains tax on listed equity under India’s Income Tax Act, from its inception to recent budget changes, including rates, exemptions, and holding periods.
Explore the key highlights and amendments in the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman. Find out what’s new in direct and indirect taxes.
Understand Income Tax Act rates: Short Term Capital Gains @15% with STT, exceptions to 36-month rule, Long Term Capital Gains, and special rates for lottery winnings and anonymous donations.
Explore the key expectations for Budget 2024, including potential tax reliefs, increased deductions, and economic growth strategies under the NDA government.
Learn about the new and old income tax regimes in India under section 115BAC, including rates, deductions, and implications for taxpayers’ financial planning.
Learn about TDS under Section 194C of the Income Tax Act for payments to contractors. Includes rates, who needs to deduct, contract considerations, and tax deduction procedures.
Discover the implications of Income Tax Act Section 270A and penalties for under-reporting or misreporting income. Learn calculation methods and exceptions.
Explore the intricacies of Tax Deducted at Source (TDS) under Section 194A for interest payments other than securities. Learn about rates, exemptions, responsibilities, and procedures.
Learn about Section 44AD, a simplified method to compute business income, excluding some entities. Thresholds and tax implications are explained here.
The CBDT implements the interim budget’s historic announcement of waiving old tax demands up to specified amounts for certain financial years, providing relief to taxpayers.
