Difference between a tax rebate and tax exemption

As a responsible citizen of the country, you must pay your income…

Cryptocurrencies, assets to be Allowed in Regulatory Sandbox

Nasscom, the tech industry’s lobby group, asked RBI to include cryptocurrency and…

Government may extend NAA Tenure, Changes to GST

The anti-profiteering framework may stay for two extra years and bring in…

Japan complains to WTO against India over Custom Duties on phones

Japan raised a complaint at the World Trade Organisation (WTO) against India’s…

Key Changes to ITR-1 & ITR-2 for FY 2018-19

The new Income Tax Return (ITR) forms for AY 2019-20 have been…

CBDT Deferred Disclosures on Tax Audit Reports by 1 Year

The Central Board of Direct Taxes (CBDT) plans to give businesses time…

IT Raises Tax Rebate instead of Exemption Limit

The income tax department raised the rebate available under section 87A to…

IT department Delays GST and GAAR reporting till March 2020

The IT department in India deferred the requirement for companies to provide…

RBI proposed Fintech Startups to use Regulatory Sandbox

The Reserve Bank of India (RBI) has announced that it will issue…

Indian Government to Tighten Rules on Statutory Audit

The Corporate Affairs Secretary, Injeti Srinivas said that the government is planning…