[…] of tax planning in India? Worry not because this comprehensive guide will help you through the details of tax planning in India. From understanding the basics of income tax…

[…] different forms of taxes: direct tax and indirect tax. Indirect taxes include value-added tax, service tax, goods and services tax, customs duty, etc. while direct taxes include income tax,…

Income Tax Returns Filing is an important task for all individuals in India. The procedure seems to be complicated for those who are unaware about such financial terms and procedures…

[…] Gains. A trader should submit ITR-3 if they have business income. If a trader has chosen the Presumptive Taxation Scheme, they must submit Form ITR-4 on the Income Tax…

[…] authorities need not worry about their collection. Contribution by the financially weak segments of society Those who earn less than Rs 2.5 lakh p.a. are exempt from income tax…

In India, income tax is a levy levied by the government with the goal of funding various functions. Direct and indirect taxes are the two main types of taxes. Income…

[…] ways: legally and economically. You are legally required to pay both domestic and foreign taxes on any income you earn outside of India. Double Taxation Meaning When income tax…

[…] the tax implications associated with each asset class. Debenture investments come with their tax considerations that can significantly impact an investor’s overall financial strategy. Taxation of Interest Income Taxable…

[…] only a transfer of possession, capital gains are not taxable on inherited land. Assets obtained as presents through an inheritance or will are expressly excluded under the Income Tax…

[…] relief to the tax payers. The indirect tax proposals contained in the budget aims to promote exports enhance domestic value addition, encourage green energy and mobility. PERSONAL INCOME TAX…