Income Tax : Explore the choice between the old and new income tax regimes in India following the 2020-21 budget. Finance Minister Nirmala Sith...
Income Tax : The Finance Act, 2020 came up with a number of amendments and introductions. One of such being the introduction of a new tax regi...
Income Tax : NEW TAX REGIME Finance Bill 2020, gives an opportunity to Individuals, HUF, Business owners, and/or Professionals for concessional...
Income Tax : Confused about the new vs old tax regime? Understand the key differences and make an informed decision about which one to choose f...
Income Tax : With promises to simplify the Income Tax Act, the Finance Ministry has, from the AY 2021-22, brought a ‘New Taxation Regime&...
Income Tax : From the time where tax payer will forget how much refund is yet to receive and when they will receive to now, there is a remarkab...
Income Tax : he Hon’ble Finance Minister while presenting the Union budget for financial year (FY) 2015-16 stated that the deductions and inc...
Goods and Services Tax : The Planning Commission today said that the proposed Goods and Services Tax (GST) is likely to miss the deadline of April 1, but i...
Goods and Services Tax : The Government should implement the GST regime with defined sharing arrangement between the State and the Centre, thereby protecti...
Income Tax : About Rs 4 crore has been siphoned off the I-T system by some unidentified fraudsters with the help of bogus PAN cards, e-returns ...
From April 1, 2011, finance minister Pranab Mukherjee has proposed to simplify the income-tax regime by reducing the tax rates on incomes above Rs1.6 lakh per annum (Rs1.9 lakh for women, and Rs2.4 lakh for senior citizens), but the reduced rates will come with few of the current exemptions.
