# tax implications
5 posts in `tax implications` tag
Diwali 2023 Tax Implications Gifts Relatives Tax Free
Diwali is just a few days to go and many of you are wondering whether the gift will also be taxable on Diwali or not! With the Diwali gift-giving season upon us, you might be curious about which gifts could potentially incur taxes.
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By Krishna
CESTAT Rules No Service Tax on Sales Tax VAT Paid on Goods for Repair Service
Since Sales Tax/VAT had already been paid on these items, they contended that these amounts should not be included in the assessable value, and therefore, no Service Tax should be applied to them.
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By Krishna
Moonlighting in ITR: Under IT Department Investigation - Learn What it Is
Given the evolving job landscape, particularly due to job cuts and layoffs, numerous workers are seeking extra avenues to supplement their earnings alongside their primary employment.
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By Krishna
CBDT Clarifies Tax Implications of Offshore Investments through Alternative Investment Fund: Key Insights
The definition of 'investment fund' in the Income-tax Act, of 1961 underwent an amendment through the Finance Act of 2023.
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By Krishna
Tax Implications of Cash Deposits in Bank Accounts
The RBI has announced the withdrawal of Rs. 2000 notes from circulation & requested the public to submit the 2000 notes if they have them for exchange
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By Krishna