Traders declaring business or F&O income below 6% of their turnover may face a mandatory tax audit. This rule applies even if ...

A major bug in India’s Income Tax portal exposed taxpayers’ bank, Aadhaar, and personal details before it was fixed by the ...

LTA paid (cash or through baking channels) is taxable under the provisions of Income Tax Act. May be you have actually ...

Supreme Court examines plea challenging constitutional validity of Securities Transaction Tax (STT) in India, citing double ...

A closer look at Section 54F, the legal tax strategy letting Indians cut capital gains tax by reinvesting sale proceeds into ...

When news broke of Tata Consultancy Services (TCS) parting ways with senior employees and offering generous severance ...

For NRIs, inheriting property or bank deposits in India can take months of legal effort without a Will. Here’s why missing ...

The UAE has been regarded as a tax free haven to businesses and has attracted businesses all over the world over the decades.

The Tribunal deleted an addition of capital gains, noting the AO's error in taxing the entire sale consideration in one co-owner's hands when her actual share was minimal and below the basic exemption ...

SBI's digital transformation enables SMEs to get loan approvals of up to Rs 5 crore within 25-26 minutes. This initiative ...

One such form that caters to these unique entities is the ITR-5 form. Specifically designed for businesses, firms, LLPs ...

The report says India’s tax system remains weighed down by overcriminalisation, with jail terms imposed even for minor ...