Income Tax News

Income Tax Benefits for Senior citizens, Benefits for Senior Citizens under Income Tax Act. Detail of benefits for Senior Citizens under Income Tax Act for the financial year 2018-19. In budget 2018 the finance minister announced some…

Restriction on Cash Transactions under Income Tax Act (Section 269ST) - Cash Transaction Rules from 1st April 2017, FAQ on Cash Receipt of Rs.2 Lakh or More w.e.f 01.04.2017 (Section 269ST). CBDT Takes Steps to discourage Cash transactions…

History of Income Tax in India, Genesis of Direct Tax & IT's Reforms in India. Law is Dynamic in Nature: This means that law evolves over time in order to meet the specific needs of the society in which it is operative. During…

Income Tax Raids, Notices, Assessments – Reasons behind it, The article is mainly about why the Income tax officials conduct raids at your office or house or any other places. This article is written for guiding every person to avoid…

Salient Features of Pradhan Mantri Garib Kalyan Deposit Scheme, 2016. Check all Salient Features of PMGKY Scheme 2016. Pradhan Mantri Garib Kalyan Yojana Scheme - All Details. Recently CBDT Release Notification of The Taxation…

Major Highlights Budget 2019, Changes Made by Finance Bill 2019 . Budget Analysis for Small and Medium Enterprises. Analysis of Finance Bill 2019 for Small and Medium Enterprises. Direct Tax Amendments, Check Key Highlights of Budget…

Changes introduced in CA examinations to be held in May 2019 and onwards. Students are hereby informed of the following changes that are being introduced with effect from the CA examinations to be held in May 2019 and onwards. Changes…

Rebate under Section 87A reduced to Rs 2500 for AY 2018-19. Budget 2017 - Rebate reduced to Rs 2500 under Section 87A. Rationalization of rebate allowable under Section 87A. This amendment will take effect from 1st April, 2018.…

Customers can now refuse to pay Service Charge at Restaurants. Payment of service charge in restaurant is voluntary. Latest news! The Consumer Affairs Ministry has recently announced that now a customer can refuse to pay Service Charge at…

Circular No. 6 of 2016: Issue of taxability of surplus on sale of shares and securities. The CBDT has accepted that inspite of its circular no. 4 of 2007 dated 15th June 2007 and instruction no. 1827 dated 31st August 1989 on…

Roadmap to Minimize Litigation and Strengthen Litigation Management. Recently Income Tax Department Uploaded Most Important Reports on " Minimize Litigation and Strengthen Litigation Management". Name of Both Reports is... …

Taxation of Charitable Trust - Application, Exemption, Returns, Auditing, Deduction, Accounts. Complete Details for Charitable Trust Taxation in India. In this article we are providing complete details for Tax Matters of Charitable…