Income Tax

Cryptocurrency and its Taxation varies depending on the country, and it’s not always clear how it should be taxed. In […]

EVERYTHING ABOUT EQUALISATION LEVY Equalisation levy is a direct tax that was introduced by the Government of India in the

FORM 29D: Refund of Tax Deducted under section 195 Notification no. 98/2022, dated 17-08-2022 The Finance Act 2022 inserted a

 Applicability of Clause 44 The ‘Tax Audit’ limit under Section 44AB is Rs 5 crore (the threshold limit is Rs

SECTION 115BAB: TAX ON INCOME OF CERTAIN NEW DOMESTIC MANUFACTURING COMPANIES The government has introduced a favourable tax regime for

Determination of Income of AOP UNDER INCOME TAX ACT An Association of Persons (AOP) or a Body of Individuals (BOI), whether

SECTION 194R: TDS ON BENEFITS OR PERQUISITE The government has recently introduced the section 194R. In the Finance Act 2022,

ANALYSIS OF UAE CORPORATE TAX The Government of UAE announced on 31st January 2022 that UAE would be promulgating legislation

Compliance Calendar For The Month Of August 2022 Compliances under Income Tax: Due date of depositing TDS/TCS liabilities under Income

Analysis of ITR-U Return During Budget 2022, Nirmala Sitharaman announced that taxpayers may now file Updated Income Tax returns (ITR-U).