Important Clarification on Time Limit for Verification of Income Tax Returns
In a recent notification that carries significant implications for taxpayers across the country, the Directorate General of Income Tax (Systems) ...Read More
SEBI suggests that mutual funds use a uniform Total Expense Ratio (TER)
Previously, Sebi permitted asset management firms to charge mutual fund unitholders four additional types of expenses on top of the ...Read More
All About New Defence-Themed Mutual Fund
Under normal circumstances, the HDFC Defence Fund, which was established in June 2023, is mandated to invest 80% to 100% of its assets ...Read More
How to Navigate Political Party Contribution Tax Deductions
Political party donations are eligible for tax deductions under Section 80GGC of the Income Tax Act. Guidelines: Depending on the ...Read More
Economic effects of the decision to discontinue the use of INR 2000 Notes
Approximately 89% of the Rs 2,000 banknotes were printed before March 2017 and are nearing the end of their anticipated life of 4-5 ...Read More
TDS on winnings from online games: Tax deduction strategies according to CBDT regulations
Previously, Section 194B of the Income Tax Act was used to tax income derived from winnings from lotteries, crossword puzzles, ...Read More