FPIs not exempt: Centre clarifies 12.5% LTCG tax on equity is same as for domestic investors

Both FPIs and domestic investors continue to pay 12.5% LTCG tax on Indian equities. The exemption announced through the ...
Tax Guru

HRA Exemption not Deniable When Employer Pays Rent & Recovers It from Employee: Gujarat HC

Gujarat HC restored HRA exemption under Section 10(13A), holding that employer-paid rent recovered from the employee qualifies as actual rent ...

Key factors to consider before choosing old vs new tax regime, expert explains

One of the main errors taxpayers commit is electing a tax regime which is only beneficial in the current year.
Tax Guru

ITAT Allows Refund of DDT Above 10% Treaty Rate Under India–Switzerland DTAA

ITAT directed refund of DDT paid above the 10% rate under Article 10 of the India–Switzerland DTAA, following the jurisdictional High ...

Allahabad HC judge challenges denial of exemption under new tax regime

Section 22D of the High Court Judges (Salaries and Conditions of Service) Act, 1954, exempts from income tax the value of a ...
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Paying a home loan while living in a rented house? Here is how to avail double tax benefits when filing your ITR.

HRA and Home Loan Tax Benefit: Salaried taxpayers who live in a rented house—even after purchasing a new home—or reside in a ...

Why the IRS will take a cut of Spain's $50 million FIFA World Cup prize money: Explained

Spain’s $50 million FIFA World Cup prize could be taxed by the IRS because the tournament was hosted in the US, with players ...