Income Tax

The Finance Act of 2021 introduced Section 194P to the Income Tax Act of 1961. This new section deals with […]

Set off and withholding of income tax refunds are two mechanisms used by the Income Tax Department to recover outstanding

The Income Tax Act, 1961 provides various tax-saving options to taxpayers. Among these options, deductions under Section 80C, 80CCC, and

Filing Income Tax Returns (ITR) is a crucial step in fulfilling one’s duty as a citizen and also avoids legal

Professional Tax is a tax levied by the state government on individuals and entities engaged in various professions, trades, and

A windfall tax is a surtax imposed by governments on businesses or economic sectors that have benefited from economic expansion.

Income tax is an essential source of revenue for the government to meet the expenses of running the country. It

One of the critical aspects of taxation in India is the Goods and Services Tax (GST) regime, which has radically

On 3rd October 2022, the Federal Tax Authority issued Federal Decree Law No. 47 of 2022 which shall be effective

Income tax is a type of direct tax the central government charges on the income earned during a financial year

The Finance Minister, Nirmala Sitharaman, unveiled the Union Budget 2023 on 1st February 2023. Generally, the budget before general elections

The Micro, Small, and Medium Enterprises Development Act, 2006 came into force on 16 June 2006. It consists of six