Section 194BA of the Income Tax Act
Budget 2023 proposed a new provision to tax income earned from winnings from online gaming. This provision was introduced to...
Articles
Section 194-IA (TDS on Immovable Property Purchase) w.e.f. 01-04-2023
Section 194-IA (TDS on Immovable Property Purchase):- 1) Applicability :- Section 194-IA is applicable on any person being Resident or...
Section 194N of the Income Tax Act w.e.f. 01-04-2023
Section 194N of the Income Tax Act 1961:- Section 194N is applicable from 1st July 2020. Section 194N provides for...
Income Tax Provision from Sale of Shares
i. Long Term Capital Gain (LTCG) : If equity shares listed on a stock exchange are held and sold after...
New Tax Regime effective from 01-04-2023
There are new rules which are applicable from 1st April 2023 i.e from new financial year which are being described...
Tax Savings for Resident/Non-Resident Indians
Tax Benefits Available to NRIs in India 1. Indian Tax Regime: As per the Indian tax regime, NRIs are exempted...
TDS on transfer of Virtual Digital Assets (VDA) – Section 194S
TDS u/s 194S TDS on the transfer of VDAs Introduction of section 194S The Government has introduced Section 194S Under...
Section 276B of Income Tax Act 1961
Grievance Redressal Mechanism under Chapter XII-D or XVII-B section 276B of Income Tax Act 1961 Failure to pay tax to...
Amendments Regarding Charitable & Religious Trusts in Finance Bill 2023
As we are aware that many major changes have been done in relation to Charitable or Religious Trust (CRT) vide...
Major amendments in Budget 2023 relating to Capital Gains
There are 3 major amendments in Capital Gains in this budget 2023 w.r.t. followings: Residential House Property (RHP) Gold Market...