As per Section 56(2), in case the value of all the gifts received from various sources exceeds Rs 50,000, the whole value of ...

Form 16 is a certificate issued by employers under Section 203 of the Income Tax Act, 1961, that contains details of salary ...

While the old tax regime offers a wider range of exemptions and deductions, the new tax regime still provides several tax ...

When filing your ITR, the first step is to calculate your taxable income. Taxable income is the portion of your total income ...

Income Tax Returns 2025-26: The new tax regime may be more beneficial for those with fewer deductions and a preference for ...

Tenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits.

This guide explains the fundamentals of GST, including CGST, SGST, IGST, and UTGST. It also highlights how these classifications impact GST filing and input tax credit ...

Gov. Kathy Hochul and Mayor Zohran Mamdani have reached a deal that will add a new tax on luxury second homes in New York City in an effort to reduce part of the city's budget gap. The tax would apply ...