News

MOF vide press release has announced that any payments made overseas by debit/ credit cards up to Rs 7 lakh will be exempt from TCS

Banks have mechanism to verify whether you’ve spent less than 7 lacs for collecting TCS: GOI

The circular has clarified the manner of computation of net winning which is prescribed in Rule 133 of the Income-tax Rules 1962.

CBDT releases Circular clarifying TDS provisions on income by way of winnings from Online Games

Not only GST authorities hit a legal snag into recovery from  Gameskraft, IT department, which sent notices to corporation and over 10,000 players, is encountering difficulties.

Online Gaming: Income Tax Officials too Face Difficulty in Gameskraft Case

If you opt for New Tax Regime, and you have only a Rental Income of upto Rs. 10 Lakh, the same will be Tax-Free.

How Rental Income of upto Rs. 10 Lakh can be Tax Free: Read to Know Further

The Central Board of Direct Taxes(CBDT) has proposed Changes to Rule 11UA in respect of Angel Tax and also notified excluded entries.

CBDT proposed Changes to Rule 11UA in respect of Angel Tax

The Income Tax Department has enabled the Income Tax Returns Form ITR 1 and ITR 4 at the income tax e-filing portal in Online mode with prefilled data.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Banks have mechanism to verify whether you’ve spent less than 7 lacs for collecting TCS: GOI

CBDT releases Circular clarifying TDS provisions on income by way of winnings from Online Games

Online Gaming: Income Tax Officials too Face Difficulty in Gameskraft Case

How Rental Income of upto Rs. 10 Lakh can be Tax Free: Read to Know Further

CBDT proposed Changes to Rule 11UA in respect of Angel Tax

Income Tax Dept. enabled ITR-1 and ITR-4 for filing via Online mode at Portal