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2 mins read

Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman

According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…

PTI   


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1 min read

Govt may relax 45-day payment rule for MSMEs in Budget 2024

According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…

PTI   


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1 min read

GST Council likely to levy 18% tax rate on corporate guarantees for loans

The GST Council is likely to introduce an 18 per cent tax rate on corporate guarantees extended by …

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4 mins read

Home loan tax deductions: Self-occupied vs rented, the differences

Buying a home is undoubtedly one of the biggest financial commitments in one’s life. And since it i…

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1 min read

Central Board of Direct Taxes notifies cost inflation index for 2023-24

The cost inflation index (CII) for 2023-24 relevant to assessment year 2024-25 stood at 348, accord…

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5 mins read

Presumptive taxation: The scheme that eases burden on small businesses

Running a small business or a professional service can often involve a single person or a few peopl…

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2 mins read

Double whammy: Start-ups might have to pay more tax if valuation falls

If reports are to be believed, the government is planning to levy tax on those start-ups whose valu…

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1 min read

No LPG subsidy if you earn more than Rs 10 lakhs p.a.

The government had earlier successfully implemented the PAHAL scheme, which transferred cooking gas…

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1 min read

E-filing date of income returns and audit reports of some taxpayers extended to 31st October

"While some High Courts have ruled in favour of the extension of due date, some others have ruled o…

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1 min read

Respite for black money holders as SIT approves compound offences

He further added, "It (the facility of compounding) would be extended on a case-by-case basis for t…

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3 mins read

Budget 2015: Here’s why Govt needs to promote pension and annuity

“One of the important customer needs which drives savings behaviour is Retirement planning. This be…

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2 mins read

Section 79 of the Income Tax Act needs a rethink in the digital age: Snapdeal-PwC report

Restriction on carry forward should be relaxed and tax losses should be set off under section 79 of…

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1 min read

Nokia May Seek International Arbitration To Resolve Multi-billion-dollar Tax Row In India

It has now asked for negotiations under Article 9(2) of BIT to settle the tax disputes involving it…

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2 mins read

Government should rationalise customs duty in Budget to boost domestic manufacturing: Indian Chamber of Commerce

The Indian Chamber of Commerce (ICC) has suggested the government to rationalise customs duties in …

PTI   


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2 mins read

IT department declares 363 as cost inflation index for current fiscal

The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…

PTI   


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2 mins read

Electoral bonds dropped at office, received by post, say political parties

Several political parties declined to share details of electoral bond donors citing various legal p…

PTI   


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3 mins read

Last-minute rush: 5 things to do before March 31

March 31 is the end of the financial year and is often a busy time for accountants and bankers. Eve…

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3 mins read

Disclose all details in possession, including the Electoral Bonds' unique alphanumeric numbers: SC to SBI

The Supreme Court on Monday directed the State Bank of India (SBI) to disclose all details in its p…

ANI   


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4 mins read

Tax saving countdown – With 2 months to go, options to consider under 80C

Now that we have stepped into the new year, there are just three months left before the current fin…

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3 mins read

Tax implications on income of a minor – What every parent should know

Income earned by a minor child from activities involving their skills, talent, or specialised knowl…