This salaryman got hit with Rs 1 lakh tax penalty as he forgot to deduct and submit TDS while paying Rs 55,000 as monthly ...

TDS On Rent: A tenant received the tax penalty of Rs 1 lakh by the income tax department despite paying a regular Rs 55k rent ...

Cryptocurrencies are categorised as virtual digital assets In India are taxed at 30 percent as per Section 115BHH of the I-T ...

From INR-denominated contracts to all-in-one suites, these platforms are revolutionising derivatives access for Indian ...

A simple step-by-step guide for homemakers to file their tax return where they have investment income, rather than salary.

Since the reimbursements were taxed at the withholding stage and a tax was deducted at source by the employer, you may ...

Key points for auditors on Clause 34 of the Tax Audit Report, covering TDS/TCS compliance, statement furnishing requirements, ...

The draft of India’s 2025 Income Tax Bill simplifies the language of the complex 1961 Act. This is welcome. But the effort ...

The committee submitted its report to Parliament on 21 July. It’s over 4,500 pages long and includes 285 suggestions to ...

A landmark parliamentary review of the new Income Tax Bill, 2025 has proposed sweeping reforms to ease tax compliance, ...

In a Lok Sabha response, the government clarified its stance on VDAs, stating no plans to revise crypto taxes or launch ETFs, while outlining existing regulations and investor ...

The Indian government has formally confirmed that no changes will be made to its existing crypto taxation regime, ...