Many churches assume that once the church has a PAN card and a bank account, the church is automatically outside the Income ...

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

Salaried employees should know income tax exemption limits for various allowances. Leave Travel Allowance is exempt for self ...

Living abroad does not automatically exempt NRIs from filing an ITR in India. Tax filing depends on residential status, ...

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

Income Tax Department opposes same-sex couple's tax exemption plea, asserting only legally recognized marriages qualify for ...

Taxpayers should maintain documentation that clearly establishes both the source of the income and the legal basis for claiming exemption.

Prayagraj: Justice Sandeep Jain, a sitting judge of the Allahabad high court, has approached the HC challenging the denial of ...

For NRIs, not all income is taxable in India. Only the income that arises in India or is received in India falls under Indian ...

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

ITAT Ahmedabad held BSNL VRS-2019 compensation eligible for Section 10(10B) exemption, subject to verification, and directed leave encashment ...

One important thing to understand is this: In the current compliance environment, tax notices are increasingly driven by data ...