Income Tax

Income Tax for Senior Citizens above 75 years are exempt from paying income tax. This message is circulating on social […]

PAN 2.0 is an e-Governance project approved by the Indian government to modernize PAN/TAN services which will upgrade the current

Income Tax Refund Claim Window Reduction means taxpayers now have 5 years instead of 6 years from the end of

Direct Tax Code is a proposed legislation set to modernize, simplify and align India’s tax law into a single code

Gold is purchased for a variety of reason such as for auspicious occasions or for daughter/son’s marriage in future. It

CRS and FATCA are global frameworks to curb tax evasion by promoting financial transparency and information sharing among countries. Purpose

Introduction TDS on rent refers to the deduction of a certain percentage of tax by the tenant before making a

TCS on the sale of scrap means that the seller collects tax from the buyer at the time of sale.

Income Tax Rules are the guidelines which issued under the Income Tax Act, 1961. It cover areas like filing returns,

Capital gains tax is applied on the sale of physical gold, gold mutual funds, gold ETFs, and sovereign gold bonds.

According to Section 156 of the Income Tax Act, 1961, the Income Tax Department will issue a Tax Demand Notice