Income Tax Articles

Link PAN with Aadhaar by 31st March: SEBI direction to Investors

Posted by Affluence Advisory 18 March 2023 5671 Views

SEBI has directed all investors to link PAN with Aadhaar numbers by 31st March 2023 for seamless transactions in the securities market.

Be Prepared: Income tax rule changes you should know for New Financial Year

Posted by Rashmi 17 March 2023 15457 Views

The Finance Act, 2020 has introduced a new tax regime which is now the default regime for Individuals, HUF, AOP (other than co-operatives), BOI & AJP.

Foreign Tour Packages Will Cost More Starting 1st July 2023: Tips to Book Smarter and Save

Posted by Rashmi 16 March 2023 9991 Views

Starting from July 1, 2023, booking foreign tour packages is going to become more expensive for Indians. The government has increased the tax collection at source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%

Last-minute income tax saving options

Posted by Aisha 14 March 2023 3099 Views

Let us know the tax-saving options available in the income tax

India brings cryptocurrency under money laundering laws

Posted by Rashmi 10 March 2023 3924 Views

The Indian government has recently made an announcement that cryptocurrencies will now be included in the Prevention of Money Laundering Act (PMLA).

Landmark judgments by Supreme Court in favor of assessees in Income Tax

Posted by CA Rakesh Ishi 10 March 2023 37019 Views

Here are a few landmark judgments by the Supreme Court of India in favor of Assessees in Income Tax cases

TDS on transfer of immovable property

Posted by CA Alexandar Gazi 09 March 2023 7339 Views

Any person being a transferee of immovable property, other than the agricultural land, responsible for making payment to a resident transferor as consideration for transfer of any immovable property, shall deduct TDS @1% of such payment.

Unveiling the Power of Income Tax Search and Seizure: Combating Tax Evasion

Posted by Rashmi 08 March 2023 4848 Views

The Income Tax Department has the power to search and seize( also called raids) property or money from people suspected of not paying their taxes. This is an important tool to catch tax evaders.