What's Trust? What does Income tax Act say about it? The term 'Trust' is not explicitly defined in Income tax Act. Ba...
Showing posts with label DIRECT-TAX. Show all posts
Showing posts with label DIRECT-TAX. Show all posts
Capital Gains, in Nut shell
This article is for non-finance people who want to understand capital gains, how it works and how much they will be taxed when they sell/...
Income tax act 2025
The Income Tax Act, 2025 has been passed by the Parliament and received the President's assent on August 21, 2025. It has been of...
All about Presumptive taxation scheme - Part 2
In previous article i have discussed about the Concept of Presumptive taxation, its applicability and pre-requisites. Have also detai...
All about Presumptive taxation scheme - Part 1
What is presumptive taxation? Unlike Normal taxation, where tax is calculated based on actual profits after deducting business exp...
Part 2- Taxation of Digital Advertising Revenue of Non Residents
Taxation of revenue from digital advertising: The concept of taxing revenue from digital advertising, began in 2016 when t...
Part 1- Digital Advertising Revenue
What is digital advertising? Digital advertising is a form of marketing that uses online platforms and digital technologies to pr...
Cost Inflation Index applicable for AY 2026-27 notified
Facts: The Cost Inflation Index for FY 2025–26 was notified at 376 by the CBDT on 28 June 2025 and it shall be applicable from Assessm...
All about MSMEs-Part 1
What’s MSME? MSMEs stands for Micro, Small, and Medium Enterprises. MSME Development Act, 2006 is the principal legislation governing MEM...
Cost Inflation Index for the financial year 2024-25 notified
Whats the news? CBDT has notified the Cost Inflation Index (CII) for financial year 2024-25 as 363 via Notification No. 44/2024 dated 2...
CBDT rolls out E- Dispute Resolution Scheme 2022
CBDT on 30th August 2024, notified the e-Dispute Resolution Scheme, 2022 with an objective to reduce litigation and provide relief to e...