28% GST to lead to write-off of $2.5 bn investment in e-gaming: Investors
The GST Council’s decision to levy a 28 per cent tax on real money online gaming industry will lead to …
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ITR FAQs answered: How many times can you revise your income tax return?
The deadline for filing your income tax return is approaching. It is crucial to file your ITR correctly, otherwise, it …
ITR filing mandatory while income is 0
As Per Section 139 (1) (b) : being a person other than a company or a firm, if his total …
18% GST to be charged on battery charging for EVs: Karnataka AAR
Hearing a case of Chamundeswari Electricity Supply Corporation Ltd, the AAR said that input tax credit (ITC) would be allowed …
Deduction in respect of purchase of electric vehicle (EV’s) – 80EEB
Section 80EEB is a provision under the Income Tax Act, 1961, which provides tax benefits on the interest paid on …
Deduction in respect of royalty on patents – Section 80RRB
Deduction in respect of royalty on patents. 80RRB. (1) Where in the case of an assessee, being an individual, who is— …
Deduction in respect of contributions given by any person to political parties – 80GGC
80GGC. In computing the total income of an assessee, being any person, except local authority and every artificial juridical person wholly …
NRIs can still file income tax return even if their PAN becomes inoperative
For many NRIs their residential status in the records of the Income Tax Department as per PAN may not have …
India to push G20 to raise share of taxes on firms for ‘excess profit’
NEW DELHI (Reuters) – India will push its Group of 20 partners at a meeting it is hosting to support …
Income Tax Filiing: What is form 26AS and AIS? Which is more important in filing tax returns?
 Form 26AS and AIS (Annual Information Statement) are both vital documents for individuals filing income tax returns. While they …
