Explore the New Tax Regime (Section 115BAC) introduced in the Income Tax Act, 1961 by the Indian government. With lower tax rates and simplified rules, discover its applicability, income tax rates for FY 2023-24, and the impact on exemptions. Make informed choices for FY 2023-24 with our detailed guide.
Form 10B notified vide Notification No. 7/2023 dated 21st February 2023 is applicable from Assessment Year 2023-24 onwards i.e. for A.Y. 2023-24 and upcoming years. However, old Form 10B is also available on portal and is applicable till Assessment Year 2022-23 only.
Explore recent case of Ishrat Ali v. The Cosmos Cooperative Bank Ltd. & Anr. and its impact on litigants’ rights to seek recusal from NCLT members.
Explore significant changes in Tax Collected at Source (TCS) rates on foreign remittances in 2023 and learn strategies to minimize your TCS burden while managing finances during overseas trips
Explore significant Jharkhand High Court judgment of 2023 allowing deductions for warranty expenditure under Section 37(1) of Income Tax Act. Learn implications and legal decisions.
Dive into the evolving landscape of Sustainability Reporting in India. Explore its phases of development, regulatory interventions, and global standards adoption. Uncover the significance of transparency, risk mitigation, and competitive advantage it brings to businesses.
Discover significant outcomes of 52nd GST Council Meeting held on October 7, 2023. Learn how these decisions affect taxpayers and GST landscape
As technology continues to advance and customer expectations evolve, the future of general insurance in India holds immense potential. It is important to understand the emerging trends and make predictions of general insurance in the country.
Learn how to calculate break-even quantities to stop losses in your business. Understand fixed and variable costs and importance of reaching break-even point.
Discover how Section 54F of the Income Tax Act provides exemptions for capital gains and why absolute ownership matters for claiming them. Legal cases and insights included
