FM says no income tax up to Rs 7.27 lakh per annum under new tax regime & Growth of MSME
Finance Minister Nirmala Sitharaman on Friday said the Narendra Modi government has provided several tax benefits to middle class people, …
Pooja Gupta
India raises windfall tax on crude oil to Rs 1,600 per tonne from July 15
The Indian government on Friday raised the windfall tax on petroleum crude to Rs 1,600 ($19.49) per metric tonne from …
MCA allows merger of multiple user IDs for Professionals
The corporate affairs ministry has allowed professionals like chartered accountants, company secretaries and cost accountants to merge multiple user IDs …
Notice u/s 143(1) – Intimation or Notice or Assessment what it is? Let’s know in detail
Every taxpayer has to furnish the details of his income to the Income-tax Department. These details are to be furnished …
3/4 of all Indian households are debt-free, 69% save in banking instruments
An overwhelming 69 per cent of all households in India have saved in banking instruments while barely 4 per cent …
No GST on replacement of parts during warranty period, says council
The GST council has spoken on the controversial issue of taxing the replacement of parts and goods or repair services …
Cost Inflation Index from F.Y. 2001-02 to F.Y. 2023-24
The cost inflation index (CII) is used to calculate the indexed cost of acquisition and indexed cost of improvement for …
Filing ITR for crypto gains: Here’s your guide on taxation for VDAs
This year would be the first time when investors would be filing taxes for crypto gains made in financial year …
E Invoice – 2 Factor Authentication mandatory from 21/08/2023
2 Factor Authentication will be made mandatory from 21/08/2023 for all the taxpayers with AATO above 100cr. Click here to …
Senior citizens Income Tax benefits 2024
According to the Income Tax Act of 1961 in India, an individual is considered a senior citizen for income tax …
