New Bond notified for Sec 54EC exemption

New Bond notified for Sec 54EC exemption

New Bond notified for Sec 54EC exemption Income Tax has notified the bonds redeemable after 5 years issued by Housing...
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TCS on Luxury Goods – New Categories Notified

TCS on Luxury Goods – New Categories Notified

Income Tax provides for tax collection at source (TCS) by certain persons at a specified percentage of tax from their buyers on specified transactions. For e.g. TCS...
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Section 269ST and the Supreme Court’s Mandate: Strengthening the Digital Economy and Transparency

Section 269ST and the Supreme Court’s Mandate: Strengthening the Digital Economy and Transparency

Promotion of a digital economy is an integral part of the current Government’s strategy to clean the system and weed...
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Presumptive taxation applicable on Income earned by Partner from firm?

Presumptive taxation applicable on Income earned by Partner from firm?

As per section 44AA of the Income-tax Act, 1961 ("Act"), a person engaged in business or profession is required to...
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