Complete Guide to Long Term Capital Gains (LTCG) Tax
In the recently launched budget for the year 2024-25, the central government of India has proposed to bring down the long term capital gains tax from 20% to 12.5%. However,…
What is a Double Tax Avoidance Agreement (DTAA)?
It is almost impossible to avoid taxes these days. Most of us pay taxes directly or indirectly. If you are an NRI with investments in India, any income generated from…
Income Tax Refund: How to Raise Refund Reissue Request
If your refund has failed, you can submit “Refund Reissue Request” on the Income Tax Department’s e-filing portal as applicable. To raise your Refund Reissue Request, follow this step-by-step guide…
What is the meaning of Tax Evasion in Income Tax?
In the successful economy of any country, the role of taxes is quite crucial. Whether you are a salaried individual or a businessman, you are governed by the applicable tax…
Hindu Undivided Family (HUF) : Meaning , Tax Benefits and More
Hindu Undivided Family (HUF) is considered as a separate legal entity. Due to this, forming a HUF can be an effective tax-saving mechanism for your family. A HUF has its…
What happens if you miss the ITR filing deadline?
The ITR filing deadline is a really important date which needs to be kept in mind by all the taxpayers of India. It is a legal obligation for all the…
Highlights of Interim Budget 2024 Presented by India’s Finance Minister Nirmala Sitharaman
The Finance Minister Smt. Nirmala Sitharaman presents the Interim Union Budget 2024-25 on February 1st. The mantra behind the budget was ‘Sabka Saath, Sabka Vikas and Sabka Vishwas’ and ‘Sabka…
GST Registration for E-commerce Operator
In recent times, the ecommerce sector in India has witnessed exponential growth as several online portals have come up in the country that provide a wide range of products to…
Documents Required for GST Registration
After the launch of GST in India, the indirect taxes came under one tax. The businesses get the benefits of lower taxes. However, to obtain the benefits, businesses are required…
What is the Difference Between GST and VAT?
In 2017, the Government of India decided to replace Value Added Tax (VAT) with Goods and Service Tax (GST). This major move aimed to reduce the limitations of VAT and…