This blog delves into the nuances of HRA, its exemptions, tax deductions, and the rules governing it, specifically within the Indian context.
INTRODUCTION There are a few popular beliefs in India that agricultural income is completely exempt from tax. While this holds somewhat true, the reality is far more complicated. The provisions regarding exemption from agricultural income under the Indian Income Tax Act have been viably and grievously abused as a loophole for tax evasion. Just among […]
Explore how tax policies influence business decisions, investment trends, and economic growth. Learn about tax reforms, incentives, and global competition.
Understand how lottery winnings are taxed in India. Learn about tax rates, deductions, TDS, and strategies to manage tax burdens on prize money.
Madras HC rules failure to register under GST law constitutes deliberate tax evasion. Case highlights tax liability, penalties, and compliance with GST norms.
Understand India’s taxation system, including direct and indirect taxes, their impact, and ongoing reforms to ensure equity and efficiency in tax collection.
Understand purpose, filing requirements, due dates and penalties of Form MSME-1 for companies with outstanding dues to MSME suppliers under MCA regulations.
Explore the concept of agricultural income under Income Tax Act 1961, including definitions, exemptions, and conditions for income derived from land used for agricultural purposes. Learn what qualifies as agricultural income and its taxation implications.
IT Dept scrutinizes political donations ₹5L+ for tax fraud. Learn about Section 80GGC/80GGB, penalties, and steps to ensure compliance before March 2025.
Why does tax evasion still thrive despite all the efforts to stop it? And more importantly, what can be done to fix it? This blog takes a close look at the issue—its causes, its impact, and the possible solutions that could finally bring some real change.
