Budget 2024 – Latest updates | Lots of changes in Direct tax proposed and revamp of Income tax act in 6 months
Tax rates on capital gain increased: STCG rates on certain assets will be made 20%. LTCG rates on certain assets ...
Tax rates on capital gain increased: STCG rates on certain assets will be made 20%. LTCG rates on certain assets ...
The issue has been arisen because of the proviso added by Finance Act, 2023 which states that wherein total income ...
If the employee don't disclose such asset in their schedule FA it could lead to a penalty of Rs.10 lakh ...
Further, the income tax department while conducting scrutiny or assessment for cases only considers sale consideration as income of the ...
Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of June 2024.
Cost inflation index (CII) is used in Income Tax to give inflation effect to cost for long term capital asset ...
According to the provision of Act and debt oriented mutual fund purchased after 01.04.2023 or market linked debentures will always ...
The benefit enjoyed by bank employees from interest-free loans or loans at a concessional rate is a unique benefit/advantage enjoyed ...
When one shows this income as business income they cannot offer this income under 44AD, as 44AD does not allow ...
This new functionality is expected to increase transparency by displaying such information in AIS to the taxpayer. This is another ...
Section 6 deals with deciding on the residency of a person under Income tax act. In this article we shall ...
Below mentioned are some important due dates under Income tax, GST, company law etc. for the month of May 2024.
Thus, a person could earn around 770000 under new tax regime and could end up paying only Rs.20800 in tax ...
(ii) Form No. 10AB, in case of an application under clause (iii) of the first proviso to clause (23C) of ...
Thus, considering the above grievance, CBDT has modified the above circular to provide relaxation and state that in case where ...
TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India
© 2019-2023 Taxontips.com - Tax assistance at your Fingertips
© 2019-2023 Taxontips.com - Tax assistance at your Fingertips
Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Book your consultation with an expert practicing Chartered Accountant and get your query solved.
Book a phone consultation for 30 minutes with our expert at a very basic cost.