Direct Tax Vivad Se Vishwas (DTVSV) Scheme 2024 – A Comprehensive Guide
The Direct Tax Vivad se Vishwas (DTVSV) Scheme, 2024, established by Chapter IV (Section 88 to 99) of the Finance (No.2) Act, 2024, is a program implemented by the Indian…
Tax Loss Harvesting: How It Works in India
Tax loss harvesting is a strategic financial practice utilized by savvy investors to reduce their tax liability arising from capital gains. By selling certain investments at a loss, investors can…
Exploring Assessment and Appeals in the Black Money Act
Taxes are not just statutory obligations; they are the backbone of a nation’s development, enabling the government to build infrastructure, provide essential services, and foster economic growth. Despite these benefits,…
Use of Gift as Colourable Device to attain eligibility for exemption u/s 54F Not Allowed: Hyderabad ITAT
In a landmark judgment that reverberates through the corridors of tax planning and legal stratagems, the Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) laid down a decisive ruling…
GST | Income Tax | TDS
A Comprehensive Guide to Tax Implications on Renting of Property: TDS, GST & Income Tax Discussed
Navigating the vast and intricate world of finance can be both challenging and enlightening, especially when it comes to understanding rental properties and the ensuing tax implications. This article serves…
Cryptocurrency Taxes in India 2024 : A Comprehensive Guide
Cryptocurrencies, heralded as the forefront of technological evolution in finance, are digital or virtual currencies that use cryptography for security. Unlike traditional currencies, they are decentralized and typically operate on…
Understanding FAR Analysis and Rule 10(B) in Transfer Pricing Compliance
In the multifaceted world of international business and taxation, transfer pricing stands out as a critical concern for multinational corporations. It involves setting the prices for goods and services transferred…
Section 80-IAC of Income Tax: Exemption to Startups from Income Tax – A Detailed Analysis
India, a burgeoning hub of innovation and entrepreneurship, has witnessed a remarkable surge in startups over the past few years. Recognizing the potential of these startups in driving economic growth…
Updated Income Tax Return u/s 139(8A) in Form U: Explained in Detail
Introduction to New Provisions of Income Tax Return and Its Importance In a bid to further streamline the income tax return process, and to continue empowering taxpayers, the Government of…
Section 263 Income Tax: Revision of Order by Commissioner
Modern tax administration relies not only on the compliance of its taxpayers but also on the robustness and fairness of its assessment processes. As part of this system, Section 263…
Learn All About Form 26AS in Income Tax
Form 26AS, also known as the Tax Credit Statement, is a crucial document for every taxpayer in India. It serves as a comprehensive record of taxes deducted from your income…
Annual Information Statement (AIS): Detailed Understanding
In the realm of taxation, transparency and detailed reporting are crucial for both taxpayers and tax authorities. The Annual Information Statement (AIS), introduced by the Indian Income Tax Department, represents…