Tax savings under Old Tax Regime: Taxpayers seeking to optimise their savings for the fiscal year 2024-25 still have opportunities available. One such option is utilising Section 80G of the Income Tax Act to claim deductions for donations made to government-approved trusts. It is important to note that not all charitable contributions automatically qualify for … Read more
BUDGET 2024: In a shock to stock market investors, Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. FM Sitharaman said that going forward, short-term capital gains on specific financial assets will be subject to a tax rate of 20%, a 5% increase from the previous rate of … Read more
New Delhi: The non-resident taxpayers who do not have a permanent account number or are not required to have one are exempted from mandatory electronic filing of Form 10F till September 30, 2023. This will bring some relief to the difficulties faced by non-residents in claiming benefits of the tax treaty as well as to … Read more
The non-resident taxpayers who do not have a permanent account number or are not required to have one are exempted from mandatory electronic filing of Form 10F till September 30, 2023. This will bring some relief to the difficulties faced by non-residents in claiming benefits of the tax treaty as well as to the resident … Read more