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Tax on Gifts in India
Introduction Giving and receiving gifts is an integral part of India’s cultural heritage. While in most cases, the value of such presents is nominal...
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Old tax regime or New tax regime-What would you choose
In the town of Taxville, people had to decide how they wanted to pay their taxes. There were two choices: the Old Tax and the New Tax. Mr. Deduction l...
Income Tax on EPF Withdrawal
Income Tax on EPF Withdrawal Employees’ Provident Fund (EPF) is a retirement fund for salaried employees. Every month, 12% of the employee’...
How Crypto Currency Is Taxed In India?
Introduction In recent years, the world has witnessed a surge in crypto currency transactions, and India is no exception. As digital currencies gain p...
ITR Filing: Exemptions and deductions that senior citizens can claim for FY24
ITR Filing: Exemptions and deductions that senior citizens can claim for FY24 Introduction After retiring from a long career, many seniors cherish the...
Don’t File Your Income Tax Return
Don’t File Your Income Tax Return Introduction to Income Tax Filing in India Income tax filing is a legal requirement mandated by the Government of ...