income-tax

Income Tax

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Income Tax

Understanding Section 133A: Powers of Income Tax Authorities in Surveys

Overview of Section 133A of the Income Tax Act detailing authority's powers for conducting surveys, inspections, and ensuring tax compliance.

Income Tax

How to Check Your Income Tax Status Online: A Complete Guide

Taxpayers can now access their income tax status online, receive annual tax statements, and resolve discrepancies conveniently.

Income Tax

Understanding General Anti-Avoidance Rules (GAAR) for Tax Compliance

Understand GAAR's impact on impermissible avoidance arrangements, tax benefits over ₹3 Crore, and reassessment procedures under income tax rules.

Income Tax

Tax Implications for Kerala Autorickshaw Workers Welfare Fund

Notification No. 41/2024 clarifies tax implications for the Kerala Autorickshaw Workers Welfare Fund Scheme, outlining eligible incomes and compliance requirements.

Income Tax

Long-Term Capital Gains Tax Reforms: Key Changes and Benefits Explained

The Finance (No.2) Act, 2024 reduces long-term capital gains tax to 12.5%, streamlines holding periods, and offers favorable options for prior property acquisitions.

Income Tax

Common Income Tax Payment Mistakes and How to Avoid Them

Avoid common income tax payment mistakes like verifying rates, timely payments, and correct PAN to ensure compliance and minimize penalties.

Income Tax

Tax Exemption Update: NSDC's Impact on Skill Development Funding

Tax exemption granted to National Skill Development Corporation (NSDC) until 2026 is detailed, including income categories and conditions.

Income Tax

Understanding the Arm's Length Principle: Key Elements of Comparability Analysis in Transfer Pricing

The content discusses the arm's length principle in transfer pricing, focusing on comparability analysis and relevant regulations in India.

Income Tax

Comprehensive Guide to Tax-Saving Strategies Under India's Income Tax Act

Discover effective tax management strategies in India, including deductions under Section 80C, NPS, and medical insurance to reduce tax liabilities.