Income Tax
Filing your Income Tax Return (ITR) on time is crucial, but receiving your tax refund promptly is not always guaranteed. Various factors can cause delays in the refund process, which...
Read More
Income Tax
The Central Board of Direct Taxes (CBDT) has issued Circular No. 8 of 2024 on August 5, 2024, providing relief regarding the provisions of Tax Deducted at Source (TDS) and...
Read More
Income Tax
The All Gujarat Federation of Tax Consultants and the Income Tax Bar Association have requested an extension of the Income Tax Return (ITR) filing deadline for the Assessment Year (AY)...
Read More
Capital Gain
FREQUENTLY ASKED QUESTIONS (FAQs) What are the major changes brought about in the taxation of capital gains by the Finance (No.2) Bill, 2024? The taxation of capital gains has been...
Read More
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:...
Read More
Income Tax
Vivad se Vishwas Scheme 2024 (VVS 2024) aims to streamline the resolution of long-pending tax disputes at the Commissioner (Appeals) level, building on the success of its 2020 predecessor. This...
Read More
Income Tax
For the financial year 2023-24, there have been significant issues with the Income Tax Return (ITR) filing process in India. Nearly 50% of taxpayers have not yet filed their returns,...
Read More
Income Tax
Sovereign Gold Bond Scheme 2023-24 (Series III) will be opened for subscription during the period December 18-22, 2023
Read More
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:...
Read More
Direct Tax
Income Tax on Cash Gift Receipt From Relative in India
Read More