Tax

What is ITR? An income Tax Return (ITR) is a structure where the citizens document data about their pay acquired and charges relevant to the personal expense office. The office…

In order to accomplish the goal of "Housing for All," the government has formally extended the interest deduction allowed for low-cost housing loans secured between April 1, 2019, and March…

GST on Housing Society and Resident Welfare Associations -  A Cooperative Housing Society or a resident welfare association (RWA) will be required to pay GST on monthly subscriptions or contributions…

The government offered an electric vehicle purchasing incentive in the 2019 Union Budget. The finance minister announced in his budget speech that improved batteries and registered e-vehicles will be rewarded…

General Anti-Avoidance Rule: The General Anti-Avoidance Rule (GAAR) is an anti-tax assessment aversion regulation in India to check tax avoidance and keep away from charge spills. It became effective on…

What Is Income Tax Clearance Certificate? Income Tax Clearance Certificate is an archive given by the Government of India approving that the individual has properly paid every one of the…

One of the heads of income under the Income Tax Act is "profit and gains of business or profession." The Income Tax Act divides a taxpayer's taxable income into five…

Casual Taxable Person - GST Registration: Under GST, all casual taxable persons are given special status. A casual taxable person is defined by the GST Act as a person who,…

Introduction The term 'interest on securities' is characterized under section 2(28B) of the Income Tax Act, 1961 which means the interest on protections of the Central or a State Government…

The Goods and Services Tax (GST), introduced in 2017 as a totally new taxation regime, has undergone several amendments since its launch. These amendments have often caused confusion among taxpayers,…