Clipped from: https://www.thehindubusinessline.com/opinion/editorial/angel-tax-is-draconian-and-unfair-on-start-ups/article66676445.ece This tax is a relic from an era where the start-up scene was not vibrant There seems to be good reason for India’s
Category: Income Tax
👍👍👍👍👍👍👍Blow to debt MFs | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/blow-to-debt-mfs/3021670/ Bank deposits already enjoy a big advantage over competing products as they are perceived to be safer Among the key changes introduced in
👍👍👍👍👍👍👍Harvest tax on equity holdings by March 31 | The Financial Express
Clipped from: https://www.financialexpress.com/money/harvest-tax-on-equity-holdings-by-march-31/3022738/ Equity investors must look at tax harvesting before March 31 to reduce their long-term capital gains (LTCG) tax liability. As LTCG up to
👍👍👍👍👍Debt funds shorted – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/debt-funds-shorted/article66664260.ece The Centre should review capital gains taxation in totality Amendments to taxation rules regarding debt funds included in the Finance Bill 2023 have
👍👍👍👍Taxing capital: Withdrawal of debt LTCG benefits should have been debated | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/taxing-capital-withdrawal-of-debt-ltcg-benefits-should-have-been-debated-123032401150_1.html The govt’s step could push investors to choose riskier equity, or to fall back on bank deposits, thereby negatively impacting the debt market
👍👍👍Credit card payments on foreign travels likely to attract tax at source | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/govt-plans-to-bring-credit-card-payments-on-foreign-tour-under-tax-net-123032401109_1.html According to the LRS, which was introduced in 2004, all resident individuals, including minors, are allowed to freely remit up to $250,000 per
Importance of AIS Information to avoid E-verification Proceedings
Clipped from: https://taxguru.in/income-tax/importance-ais-information-avoid-e-verification-proceedings.html AIS Utility Under various provisions of Income Tax act, Income tax departments calls for the financial information from various sources/reporting entity such as
🙏🙏🙏Income tax relief for those earning a tad over Rs 7 lakh likely
https://www.financialexpress.com/money/income-tax/income-tax-relief-for-those-earning-a-tad-over-rs-7-lakh-likely/3020369/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
What to do If Application For Registration As Legal Heir Is Rejected In Income Tax
Clipped from: https://taxguru.in/income-tax/application-registration-legal-heir-rejected-income-tax.html The return of deceased person can only be filed by Legal Heir Representative assessee. For this Legal heir has to make an application
👍👍👍👍👍Property from ‘Will’ eligible for cost indexation from first owner’s acquisition date
Clipped from: https://taxguru.in/income-tax/property-will-eligible-cost-indexation-first-owners-acquisition-date.html ITO Vs Sohrab Fali Mehta (ITAT Mumbai) Mumbai ITAT holds that while computing capital gains arising on transfer of a capital asset received
पॅन कार्ड – आधार लिंक करणे अनिवार्य का आहे? लिंक नाही केले तर काय होईल? | Linking PAN card with Aadhaar Why it is mandatory what happens if you dont | Loksatta
Clipped from: https://www.loksatta.com/explained/linking-pan-card-with-aadhaar-why-it-is-mandatory-what-happens-if-you-dont-kvg-85-3510290/ पॅन कार्ड आणि आधार कार्ड लिंक करणे अनिवार्य करण्यामागे आहे मोठे कारण, वाचा लिंक न केल्यास काय कारवाई होणार. पॅन-आधार लिंक करण्यासाठी ३१
👍👍👍How will presumptive tax scheme apply for self-employed – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-application-of-presumptive-taxation-scheme-for-self-employed/article66599695.ece A person who opts for presumptive taxation is deemed to have claimed all deduction of expenses While computing income as per the provisions
Seven mistakes seniors make while planning their taxes and finances | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/optimise-80c-tax-saving-benefit-by-investing-in-scss-in-tranches-123031000846_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 They could invest in SCSS in tranches to optimise Sec 80C benefits and park some money in PMVVY before it closes on Mar
PAN-Aadhaar Linking: Income Tax Dept Issues FAQs
Clipped from: https://www.taxscan.in/pan-aadhaar-linking-income-tax-dept-issues-faqs/260282/ By Navasree A.M – On March 9, 2023 1:34 pm – 6 mins read The Income Tax Department issued the FAQs which are valid till 31st March
👍👍👍👍👍Income Tax- What is New Provision of 43B For Micro & Small Enterprises
Clipped from: https://taxguru.in/income-tax/income-tax-provision-43b-micro-small-enterprises.html In order to promote timely payments to “Micro and Small Enterprises” In Budget- 2023, it is proposed to include payments made to such enterprises
👍👍👍👍👍All about HRA Exemption, Eligibility, Limit etc.
lipped from: https://taxguru.in/income-tax/hra-exemption-eligibility-limit.html What is HRA- House Rent Allowance HRA is paid to Salary individuals by the employer. HRA exemption can be claimed only by Salaried
👍👍👍👍👍Taxation of taxpayers opting for presumptive taxation schemes
Clipped from: https://taxguru.in/income-tax/taxation-taxpayers-opting-presumptive-taxation-schemes.html To give benefit to small taxpayers from the exhausting job of maintaining books of account and getting the accounts audited, the Income-tax Act
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