Recent changes in India’s income tax structure, particularly the introduction of rebates, have led to some confusion among taxpayers regarding their obligations to file Income Tax Returns (ITRs). A prevalent misconception is that individuals with incomes up to ₹12 lakh are entirely exempt from income tax and, consequently, from filing ITRs.
India abolishes Angel Tax from FY 2025-26, boosting startup funding and foreign investment. Learn its impact on valuations, FDI, and entrepreneurship.
जानिए आयकर अधिनियम में सैलरी और लीगल पर्सन की आय परिभाषा, टैक्स दरों का अंतर और इसका आर्थिक मंदी पर प्रभाव।
Comprehensive checklist for FY 2024-25 year-end closing. Covers books closure, tax compliance, GST, Companies Act, labor laws, and reconciliation processes.
An assessee’s tax incidence is determined by his residential status. For example, an individual’s residential status in India determines whether income earned outside of India is taxable in India.
Supreme Court’s decision in Om Prakash and Another v. Union of India {WRIT PETITION (CRL.) NO.66 OF 2011} established that offences under the Customs Act were non-cognizable and bailable, requiring a warrant for arrest. This ruling emphasized the need for judicial oversight in the arrest process.
Understand GST notices for transactions with Non-Genuine Taxable Persons (NGTP), their impact, penalties, and how to respond to avoid compliance risks.
RollerCoin platform offers an alternative way to make money without cluttering your home space, massive spending, and months of meticulous study.
Learn the essential documents needed for an abroad education loan. Find out about identity, address, academic, financial, and collateral requirements for a smooth process.
Compare gold loan interest rates and EMIs before borrowing. Learn how to evaluate lenders, use an EMI calculator, and consider key factors for better loan decisions.
