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Taxation Aspects of Income of Deceased Person

Taxation Aspects of Income of Deceased Person

Did you realize that the estates of the deceased might be taxed? It may sound strange that a deceased person's income tax returns…
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Penalties under the Income Tax Act and Various Income Tax Offences

Penalties under the Income Tax Act and Various Income Tax Offences

The timely and regular payment of taxes and submission of returns guarantees that the government has funds available for public welfare at all…
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Effective Goods and Services Tax (GST) Rates in India

Effective Goods and Services Tax (GST) Rates in India

By introducing uniformity and openness to the Indian tax system, the GST (Goods and Services Tax) has transformed the outlook of the Indian…
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New Scheme of Taxation under Section 115BAC of Income Tax Act, 1961

A new tax planning comes into force by inserting a new section in Income Tax Act, 1961, which is known as Section 115BAC…
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