Singapore has introduced a new tax on sale of foreign capital assets with effect from 1st Jan, 2024:
Historically, Singapore does not tax capital gains. Only gains which are “income” in nature are taxed. 2. However,…
Category: Taxation and Statutary Compaliances News
7 most Important Points to handle GST’s Show Cause Notice
7 most Important Points to handle GST’s Show Cause Notice
Income Tax benefits to senior and super senior citizen:
Definition of senior citizen and super senior citizen: Individual resident who is of the age of 60 years…
5 New Income Tax Rules that will impact you in 2024
Revised Tax Slab: To make the new tax regime more attractive, adjustments were made to the income tax…
Stock difference should be taxed as business income and not unexplained investment: ITAT Chennai.
Ethiraj Hotel Mart (ITA No.: 1086/CHNY/2022) Facts:⏩1. The appellant/assessee operates in the wholesale trading sector, dealing with stainless…
Income TAx Alert:
Amount remaining Unpaid beyond 45 Days to Micro and Small Enterprises will be allowed as a Deductable expenses…
Taxation of Bitcoin ETF in India?
Taxation of Bitcoin ETF in India?
TDS deductors receiving notices for not deducting TDS at 20% in case of payee not linking PAN with Aadhar:
Of late, assessees have received notices from Income Tax (TDS) department for not deducting TDS of payee having…
Income Tax Department Aims To Slash Outstanding Arrears Of Nearly 25 Lakh Crore To 40%
The Income Tax (IT) department is concerned about the increase in tax arrears, which reached ₹24.51 lakh crore…
All about partition of a HUF:
Section 171: Section 171 of the Income Tax Act, 1961 defines the partition of Hindu Undivided Family (HUF)…
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