TAX

The income tax changes announced by Finance Minister Nirmala Sitharaman in the Budget 2023 have also become effective from today, April 1

GST Update: Bombay HC in its order says in case assessee has failed to file such declaration within stipulated time and officers wish to initiate any recovery proceedings, they must give a 15-day period to file such declaration

GST Council's 49th meeting: GST on 'pan masala', 'gutka' firms; GST levy on online gaming, casinos and horse racing; and proposal for setting up of appellate tribunals might be discussed

Though the new tax regime will now become the default tax regime in 2023-24, taxpayers will have choice to opt for the old tax regime also

Direct tax collections stood at Rs 11,35,754 crore, as on December 17, 2022, up by 19.81 per cent against Rs 9,47,959 crore recorded in the corresponding period of last year

Form 26Q is used for payments made other than salary and contains details of the total amount paid and tax deducted on such payments during a quarter

Without verification within the stipulated time, an ITR is treated as invalid, as per the income tax department

GST Council is seeking to broaden the tax net to track dealings in virtual digital assets in a more effective manner

The dispute redressal bench will have representation from states, Centre, and independent law and tax experts well versed in legal and economic implications

If you have invested in cryptocuurencies, be ready to pay income tax on gains from your investments on digital assets. All you need to know about new cryptocurrency law that comes into effect from April 1, 2022

Are you planning to buy a new house soon? The income tax benefits for affordable housing is set to change from April 1, 2022. Here are the key rules homebuyers must know

TDS rule change for property transactions: This amendment will also help the government in identifying such transactions clearly, where any property is bought below its stamp value, say experts