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
CBDT notifies 21 countries that angel tax exemption will be available for startup investment
The United States, the United Kingdom, and France are among the 21 countries that the Finance Ministry has informed that non-resident ...Read More
Businesses Find Relief, GST-Exempt Personal Rental of Residential Homes by the Registered Owner.
The notification from the Finance Ministry exempting residential rental housing from Goods and Services Tax (GST) means businesses may relax. ...Read More
CBDT Issues a Circular on TDS from Salary; Here’s What You Need to Know!
The Central Board of Direct Taxes, a statutory authority under the Central Board of Revenue Act, 1963, issued a Circular on 7...Read More
Sale of Residential Property or Agricultural Land – CBDT Extends timeline for exemption under Sections 54 & 54B
In light of the recent Covid-19 pandemic, the Central Board of Direct Taxes (CBDT) released a notice on January 6, 2023, addressing ...Read More
PAN-Aadhaar Linkage is Required for Non-Exempt PAN Holders; Unlinked PANs to Become Inoperative
In its update on the department’s e-filing website, the income tax authorities warned people who haven’t linked their ...Read More