The Union Budget 2025 introduces significant measures aimed at bolstering India's middle class, directly impacting your personal finances.
As the Union Budget 2025 approaches, several key expectations have emerged across various sectors
D. Gukesh’s ₹11.45 crore chess prize falls under the scrutiny of Indian tax laws, particularly concerning Section 10(17A) of the Income Tax Act. Here's a deeper breakdown of the context
The Indian government has taken a strong stance against non-disclosure of foreign income and assets, especially with the implementation of stringent provisions under the Income Tax Act and international agreements such as FATCA
Buying a flat in your wife's name can offer various tax benefits and other financial advantages, especially in countries like India, where tax laws provide incentives for female property ownership. Here are the key benefits and things to consider.
A GST (Goods and Services Tax) raid is a critical enforcement action taken by tax authorities when they suspect tax evasion, non-compliance, or fraudulent activity related to GST.
Starting October 2024, the Central Board of Direct Taxes (CBDT) introduced new guidelines to streamline the process for taxpayers seeking income tax refunds or carrying forward losses, especially in cases where they missed the original filing deadlines.
The recent Supreme Court ruling on tax reassessment notices has significant consequences for around 90,000 taxpayers. The verdict upholds the validity of reasse..
The extension of tax audit due dates often sparks debate between taxpayers and authorities. Whether it’s seen as a boon or an unnecessary measure largely depends on the perspective and context surrounding the decision.
The Income Tax Department of India has been increasingly monitoring high-value credit card transactions as part of its efforts to curb tax evasion and ensure better tax compliance.