The implementation of the program has been delayed for months as a result of the discrepancy between what was written into ...

Currently, small businesses with an annual turnover of up to Rs 3 lakh are allowed to opt for presumptive taxation subject to ...

ITAT Ahmedabad held that addition of short term capital gain on account of transfer of shares on presumption basis without bringing on record evidencing actual receipt of consideration cannot be ...

Assocham requests Finance Minister Nirmala Sitharaman to rationalize surcharge rates on salaried individuals by i ...

Not adhering to the tax audit requirements can result in hefty penalties under Section 271B of the Income Tax Act. If a ...

Expert Rakesh Nangia calls for tax relief for salaried individuals and MSMEs in the upcoming Budget to boost consumption and ...

The budget should prioritise streamlining Income Tax Return (ITR) forms and further rationalising capital gains tax, as well ...

Over the years, the Income Tax Department has taken several key measures to make ITR filing easy for taxpayers. There are ...

People who earn above a specific amount must pay tax on their income and it is called income tax. The government sets the tax ...

Freelancing allows for flexibility in both work and schedule, although there is no guarantee of steady work. As a freelancer, ...

From tax breaks to GST rate rationalisation and policy changes, anticipation is high from Finance Minister Nirmala Sitharaman ...