Section 40A(2)(b): Tax Implications of Related Party Payments
Section 40A(2)(b) of the Income Tax Act means that if a taxpayer makes a payment to a related party, they […]
Form 67: Claiming Tax Relief Under DTAA
Form 67 is a declaration containing Statement of income from a country or specified territory outside India and Foreign Tax
Tax Audit Limit: Criteria for Businesses and Professionals
Tax audit limit specifies the threshold for businesses and professionals, beyond the limit must get accounts audited under Section 44AB
GST on Flex Fuel Vehicles: Call for Lower GST to Propel Bio-energy Growth
GST on flex fuel vehicles shall reduce to 12% suggested by the Union Minister Nitin Gadkari to promote their use.
Long Term Capital Gain: Tax Choices on Immovable Property
Long-term capital gain mean arising from the transfer of long term capital asset. What is a long-term capital asset? A