CBDT Exempts Startups from Angel Taxes on Share Premiums

A recent move ensures that genuine entrepreneurs will not be affected by…

Is the newly introduced section 194N in Union Budget 2019 confusing?

FM Nirmala Sitharaman in her first maiden Budget introduced Section 194N for…

CBDT hikes income tax appeal limit to Rs 50 lakh to reduce litigation

CBDT has increased the monetary limit from Rs 20 lakh to Rs…

Income tax department launches ‘e-Filing lite’ for taxpayers

The income tax department has launched a new and lighter version of…

CAG Finds Irregularities in Assessment of Taxes Over 2 Years

The Comptroller and Auditor General of India (CAG) has criticised the income…

Tax for Middle-Income Earners Likely to Change under Direct Tax Code

In November 2017, the Indian government formed a task force to evaluate…

ITR filing becomes tougher for ELSS investors in FY 2018-19

Filing income tax return has become a tedious task, especially for salaried…

FM all set to make India a sustainable economy in the next 5 years

FM Nirmala Sitharaman through her first-ever maiden Budget in July 2019 has…

Tighter Tax Rules on Religious and Education Trust Income

The income of religious and education trusts is mostly tax-free. That is,…

Nudging Tax Revenue: Of Reward Programmes and Effective Schemes

According to statistics, only seven lakh assessees filed their service tax returns…