income tax rules

The Ministry of Finance in India has issued a circular announcing changes to the Goods and Services Tax (GST) system. Starting August 1, 2023, businesses with an annual turnover of over Rs 5 crore will be required to generate e-invoice for…
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Union Budget 2023-24 news and live updates with Finance Minister Nirmala Sitharaman's speech are here. Ahead of FM's Budget 2023 speech at 11 am, after the Economic Survey 2023. Budget 2023 Live: Income tax rule change, No tax on income up…
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Income Tax Expert tried to decode the messages issued by the Income Tax Department and some relief things are also coming out of it. However, the full emphasis of the experts is on the fact that taxpayers should file their returns before…
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Though income tax (I-T) laws in India have exempted non-residents from getting PAN under certain conditions, a recent notification by the Central Board of Indirect Taxes (CBDT) might change that for some non-residents. Permanent Account…
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Gold is a favourite article of possession particularly about ladies in India.  People purchase gold for a variety of reasons such as for auspicious occasions or for the fond of wearing ornaments or for buying gold for daughter/son’s…
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New financial year has begun and with this certain new income tax rules have come into effect. Let us discuss the changes applicable to individual tax payers. First year for Option to choose from Two tax regimes The budget for 2020-21…
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As the lockdowns were lifted and the situation improved, many corporates reviewed their workplace strategies, having reaped the benefits of WFM through reduced costs, managed cash flows and managed social distancing to minimise the spread…
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