Double Taxation Avoidance Agreement (DTAA) between India and the U.S. Overview and Purpose The Convention between India and the United States for the Avoidance of Double Taxation and Prevention of...
Read MoreA recent decision by the Delhi High Court has brought much-needed relief to a Non-Resident Indian (NRI) who was facing a significant tax demand due to an error in the...
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CGST Act
The Finance Bill 2025 introduces several crucial changes to the Goods and Services Tax (GST) framework, focusing on compliance, trade facilitation, and tax governance. Here’s a summary of the key amendments: 1....
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Advance Tax
The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024): Simplifying Tax Dispute Resolution The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV 2024) is a transformative government initiative designed to address...
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Challan 280
Ans – Filing your Income Tax Return (ITR) is mandatory or advisable even if you are not eligible for a refund and have a tax payable of ₹31,420, as it...
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Direct Tax
Budget 2024 has introduced significant changes to the new tax regime, offering increased tax relief by revising income tax slabs and enhancing standard deductions. Taxpayers now face a crucial decision:...
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Direct Tax
In India, taxes are broadly classified into two categories: direct taxes and indirect taxes. Let’s break down the differences in simple terms: Direct Taxes: Examples: Indirect Taxes: Examples: Key Differences:...
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CBDT
What is the role of the Central Board of Direct Taxes (CBDT) in India?
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CBDT
How is IT Department using Technology for Better Tax Administration?
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Direct Tax
Income Tax on Cash Gift Receipt From Relative in India
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