Income Tax Articles
Key Amendments in India's Finance Bill 2023: A Focus on Taxation and Litigation
The Finance Bill 2023 is a bill that includes tax proposals for the fiscal year beginning on April 1, 2023. It was passed by the Lok Sabha, the lower house of the Indian Parliament, on March 24, 2023. The Lok Sabha has passed the Finance Bill 2023 with 64 official amendments.
Tax Planning while setting up of a business with reference to nature of business
Tax Planning while setting up of a business with reference to the Nature of business related with AY 2021-2022, AY 2022-2023 and AY 2023-2024. An analysis of Eight important Deductions as per the Income Tax Act.
Taxability of life insurance policies not eligible for exemption u/s 10(10D)
Sec 10(10D) provide exemption with respect to any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy, where premium payable for any of the year during the tenure of the policy
How to file TDS Correction Statement prior to FY 2011-12
Hello Everyone,You might be facing below error while requesting for Online correctionn on TRACES for FY prioir to FY 2011-12 -"Online correction on TRACES
Why do you get Income Tax Notice: Reasons and Remedies
In this article, we will discuss the common reasons why you may receive an Income Tax notice in India and the remedies to avoid or address them.
Maximize Your Retirement Benefits
Invest Up to Rs 30 Lakh in Senior Citizen Savings Scheme Starting April 1, 2023 - Learn About SCSS, Tax Benefits, Withdrawals, and Interest Rates
Relief to Small and Medium Taxpayers in State Budget
Maharashtra State Budget was presented by Deputy Chief Minister (Finance)Shri Devendra Fadnavis on 9th March 2023. It was based on 'panchamrit' (five) principles with a focus on Farmers, Women, Youth, Employment, and Environment.
Important things from Income Tax aspect to consider this March ending!
Important tasks of income tax that should be undertaken before this March end has been listed in this article.
Higher TCS on Foreign Remittances: What Parents Need to Know While Sending Money for Education Expenses
The Union Budget 2023 proposed to increase the tax collection at source (TCS) for foreign remittances under the liberalised remittance scheme (LRS) from 5% to 20%.
Tally ERP Accounting Software or QuickBooks: What to Choose?
Tally ERP is a well-known accounting application that is used all over the world and is ultimately used as enterprise software by firms of all sizes. However, it is utilized as a perfect business management solution. QuickBooks will continue to operate in India till 30th April 2023.
Popular Articles
- Senior Citizen Saving Scheme From 1 July 2026 with 5 New Rules
- Income Tax Slab for Senior Citizens Above 60 Years for AY 2026-27: With Deductions, Rebates and Examples
- TCS Return Due Date: New Deadline For Tax Year 2026-27
- How Salaried Employees can save Tax under the New Tax Regime
- TDS Certificates for Non-Salary Income Gets a New Identity For FY 2026-27
- Input Tax Credit Under GST: The One Provision Where a Buyer Pays for a Supplier's Default
- 143(2) Scrutiny Notice Received: What is it and How to Respond Online?
- Best Fixed Deposit Interest Rates 2026 for General and Senior Citizens: Check Which Bank Gives Higher Returns?
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