# taxation
23 posts in `taxation` tag
Tax On Crypto In India Guide On Crypto And NFT Taxation
In India, cryptocurrency is commonly known as a Virtual Digital Asset (VDA). The regulations for taxing virtual currency, non-fungible tokens, and other VDAs were introduced in the Budget by the finance minister.
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By Krishna
What Is DTAA Double Taxation Explained Everything You Need To Know
Paying taxes in both your home country and the country where you work can be challenging. To solve this issue, India, along with 85 other nations, including the USA, has signed the Double Taxation Avoidance Agreement (DTAA).
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By Krishna
Real Estate Sector Taxation GST Act 2017
As a result, the real estate sector, which was previously subject to a labyrinth of taxes and regulations, saw substantial changes. This blog will help you to know the impact of the GST Act of 2017 on the taxation of real estate in India.
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By Krishna
Newly Established Manufacturing Cooperative Societies 15 Percent Reduced Tax Rate CBDT
Starting from the assessment year that begins on April 1, 2024, if you're a cooperative society based in India and you need to choose in line with the requirements of section 115BAE(5), you should use Form No. 10-IFA.
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By Krishna
Delhi High Court GST Officers Cant Seize Cash Search Survey
The person bringing the case explains that the authorities asked them to pay Rs. 11,41,750/- as tax, interest, and penalty. This request is made because the authorities claim the seized cash was from undisclosed sales.
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By Krishna
Taxation On Gifts Under Section 56(2)(x)(b) Income Tax Act 1961
First of all, before receiving any gift from anyone, just ensure that the gift is from a real or genuine person or source. It must not be related to proceeds of crime, black money, or scammers.
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By Krishna
Supreme Court GST Eligibility Immovable Property August 23rd Hearing
During the assessment proceedings, the Assessing Officer initiated penalty proceedings for not submitting the audit report within the specified time.
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By Krishna
Demystifying Section 54F of Income Tax Act: Capital Gains Tax, Indexation, and Benefits Explained
Indexation is a method that accounts for inflation from the time of asset purchase to its sale. It adjusts the purchase price of the investment, thereby reducing the overall taxable capital gain amount.
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By Krishna
FM Announces 28% Tax on Online Gaming Firms: Highlights from 50th GST Council Meeting
The Council's first gathering since February got off to a rocky start. The recent move by the Union government to include the GST Network in the scope of the Prevention of Money Laundering Act (PMLA), which is overseen by the Enforcement Directorate (ED), was challenged by representatives of States not governed by the BJP.
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By Krishna
What is Double Taxation & How To Get Double Taxation Relief
Economic double taxation refers to the circumstance in which a person's income, or a portion of it, is taxed twice by two different bodies inside the same country.
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By Krishna
TDS deduction on interest income and how to prevent it
To Avoid Tax Deducted at Source (TDS) on incomes like rent and interest, taxpayers can submit form 15G or 15H to the relevant individual or organization, including banks, post offices, and corporate bond issuers. Form 15G is for individuals below 60, whereas 15H is for senior citizens.
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By Krishna
Tax benefits On Health Insurance Importance & Required Documents
Tax benefits on health insurance provide two benefits in one investment medical expenses and tax benefits.
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By Krishna
The Online Gaming Industry Attracts 28% GST on Gross Gaming Revenue
There are commentaries stating that the upcoming GST Council may view imposing a 28% Goods and Services Tax (GST) on the net amount in place of 18% on gross gaming revenue.
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By Krishna
Statutory & Compliance Calendar For January 2023
All businesses, regardless of the business structure held onto statutory compliance and complete all the vital filings before the due dates. For all business transactions, there are some essential compliances that a business owner must fulfill as a moral duty. These compliances are timely framed and must be completed within the prescribed time by the Government.
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By Krishna
6 Robust Reasons to not to miss NPS in your tax planning
Income tax planning is the most important step when fulfilling your financial goals and knowing about the NPS can be greatly important for you.
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By Krishna
Top 5 Mistakes You Must stop making In Tax-Planning
Tax planning is an important part of financial growth and savings too. But generally, people do not focus on the tax-planning with proper knowledge.
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By Krishna
Statutory and Compliance Calendar For The Month of December 2022
As we all know that complying with the compliance deadline is very important and mandates the appropriate planning. Therefore to keep updated on the various statutory and compliance deadlines we have put together a consolidated compliance calendar that shows all the important due dates.
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By Krishna
NRI Tax Return In India
If an Indian Citizen/Person of Indian Origin stays in India for a temporary period or never stays at all, yet earns money from this country, the income is considered to be NRI income.
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By Krishna
Everything About Property Tax You Must Know
Property tax is a type of amount that must be paid by the landowner to the municipal corporation of your area or the local government for yours. The tax must be paid every year.
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By Krishna
Comparison Of Old And New Tax Regime Rates For AY 2021-22
New Income Tax Slab Rates introduced in the Budget 2020 for AY 2021-22 onwards is kept optional for the taxpayers, where, they are open to choose the tax slabs of old regime (FY 2019-20).
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By Krishna
Taxability Of Gifts Received By Individual Or HUF Member U/S 56,2
Government has considered to add tax on gifts to be applicable as receiver’s income under the head ‘Income from Other Sources’.
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By Krishna
Income from House Property and Taxes
Income tax is payable on the 'Net Annual Value (NAV)' of these properties under 'Income from House Property'. If a house is self-occupied,...
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By Krishna
Crypto Taxation Guide Budget 2022
In the planned tax system, the government has suggested a flat 30% income tax rate on the transfer of "crypto-assets."
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By Krishna