Money laundering in apparel of donations; govt denies tax gain to Bioved research society...

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The Central Board of Direct Taxes (CBDT) has denied the benefit of deductions to donors to an Uttar Pradesh-primarily based clinical studies society, Beloved,...

The Taxes You’ll Face When Selling Your Investment Property.

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When it comes to taxes, there are many things to consider when selling your investment property. From capital gains tax to depreciation recapture, it's...

Tax queries: Sections 54, 54F deductions to be had only for LTCG

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My father built a house in Jharkhand in 2000, for which the full fee incurred turned into Rs 15 lakh. I had booked a...

Taxable Income – How Much Money Should You Earn?

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You have to earn enough money to pay taxes. Taxable income is calculated based on two basic types of payment: Salary and Profits. It's...

No GST on tax amassed at supply levied on items: Finance ministry

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New Delhi: The finance ministry on Friday supplied a remedy to investors using retreating a rule that required them to charge goods and services...

India seeks Swiss tax branch’s help in probe in opposition to six Essar firms

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NEW DELHI/BERNE: India has sought the Switzerland tax branch's help in a probe into six businesses of the Essar organization, which include the ones...

Income tax return filing for AY 2019-20: Key modifications in ITR bureaucracy and new...

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Recently, the Indian government has notified new tax go-back paperwork for FY2018-19 (assessment yr 2019-20) applicable for people, corporates, and different classes of taxpayers....

Get Ahead of the Curve: Learn About ECommerce Sales Tax Solutions

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No matter what you sell online, if you're doing business in the United States, you must collect sales tax from your customers. And if...

Blogging Taxes – How Much Should You Be Paid?

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A tax lawyer recently contacted me to help me work out what my blogging taxes should be. You don't get paid by the hour,...

Tax optimiser: How salaried Karthik can store Rs 1 lakh tax via perks, NPS

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Hyderabad-based total software program engineer Ganesh Karthik can pay an excessive tax because his pay structure isn't always taxed-friendly. House hire allowance is the...