Income Tax Articles
India brings cryptocurrency under money laundering laws
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
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
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
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.
Most popular tax-saving investments before 31st March 2023
Here are some of the most popular tax-saving investments that you can consider before March 31, 2023
Surcharge applicable to Individual/HUF/AOP/BOI/Artificial juridical persons
We all well know that, surcharge rates are applicable to Individual/ HUF/ AOP/ BOI/Artificial juridical persons under Income Tax Law
Difference between Section 194Q and Section 206C (1H) of IT Act, 1961
What is the difference between Section 194Q and Section 206C (1H) of the Income Tax Act, 1961
All you need to know about Gifts
As per Section 122 of the Transfer of Property Act,1882- "Gift is the transfer of certain existing MOVABLE OR IMMOVABLE property made VOLUNTARILY and WITHOUT CONSIDERATION by one person called Donor to another called Donee and accepted by or on behalf of Donee".
Nuances of tax laws - How to understand & interpret?
Rule of harmonious construction requires that a provision of law must be read as a whole and not in isolation. The law should be given effect to without adding anything as per the intention of the legislature.
Benefits available to a senior citizen in filling ITR for FY 2022-23
Senior citizens and a very senior citizen are granted a higher exemption limit as compared to normal tax payers. Exemption limit is the quantum of income up to which a person is not liable to pay tax.
Popular Articles
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