Highlights related to Income tax amendments applicable via the Budget 2022 announced on 01.02.2022
Introduction Cryptocurrencies are decentralised, virtual, or digital currencies which are neither backed by any Government nor regulated by any Central Bank (like RBI). These currencies have gained popularity as they… Read More »Taxation on Mining of Bitcoins (Cryptocurrency)
Credits: CCH Tax Online
Concise information about – New Annual Information System to replace the Form 26AS.
Taxation in a country like ours with vast population is challenging due to enormity of transactions. Hence with an intent to regulate the business transactions to create some legal provisions… Read More »Specified Financial Transactions (‘SFT’)
This is the first of its kind assessment in the WORLD!! You heard it right India is now going to be the first country to unveil an assessment which is… Read More »Faceless Assessment Scheme – Income Tax
[A] INTRODUCTION The finance act of 2018 brought about a change in the way Long Term Capital Gain [LTCG] on listed equity shares & Units of Equity Oriented Funds are… Read More »Long Term Capital Gains on Listed Equity Shares
Relative in relation to an individual means spouse, brother or sister or any lineal ascendant or descendant of that individual So following relations fall under the meaning of Relative for… Read More »Section 2(41) – Definition of Relative under Income Tax Act