During the scrutiny assessment, the AO identified cash deposits amounting to Rs. 6,31,00,000 made during the demonetization period. Citing these deposits and other discrepancies, the AO rejected the ...

This is the case of a person who has filed his return of income under presumptive taxation. He has made certain deposits in ...

For ultra-high-net-worth individuals, one of the most pressing concerns isn’t just how to grow wealth. There are also ...

TPC found that, on average, all income groups would benefit from the tax proposals. But more than two-thirds of the tax cuts ...

New Tax Rules: Now pay 1% TCS on luxury goods worth ... high-end sportswear and art objects costing more than Rs 10 lakh. The Income Tax Department has issued a notification stating that 1% ...

Is It Possible to Switch Tax Regimes While Filing ITR? Yes. As per current income tax rules, salaried individuals are allowed to change their tax regime at the time of filing their returns.

Last week, we covered the key bills that made it out of the Legislature and to the governor’s office. This week, will be looking at a few bills that passed both houses of the Legislature, but did not ...

But are you aware of the income tax rules applicable to the casual income or income made through these betting apps? What Is Casual Income? According to experts, the money earned by an individual ...