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Delhi’s economic landscape has recently witnessed a significant surge in GST collection, indicating promising economic growth. Data released by the Delhi government revealed a substantial 17% increase in GST collection during the first six months of the fiscal year compared to the previous year. Notably, collection figures surpassed the Rs 3,000-crore mark in key months, […]
Did you know you can get tax exemptions on house rent even if you don't receive HRA from your employer!
Can a father give a home loan to his son to buy a house? Can the son avail tax exemption on the home loan taken from his father? What things will be required for availing tax exemption?
The average gross total income of individual taxpayers rose 56% to touch Rs 7 lakh in assessment year (AY) 2021-22 from Rs 4.5 lakh in AY 2013-14, said Central Board of Direct Taxes (CBDT)
The bride and groom receive many expensive gifts at the wedding. What tax is to be paid on wedding gifts? When will tax be imposed on wedding gifts?
Earlier, this week, Nitin Gupta, the chairman of the Central Board of Direct Taxes reported buoyant revenues and said on October 10 that they would mop up more taxes than the budgeted Rs 18.23 lakh crore for the current fiscal despite lacklustre performance on the corporate tax front.
How are earnings from assets like shares or mutual funds taxed? How to save long term capital gains tax under Section 54 and Section 54F? What things should be kept in mind while filing for tax exemption?
The Reserve Bank i.e. RBI issues sovereign gold bonds on behalf of the government. How is Sovereign Gold Bond better than gold? What is the tax on interest received from Sovereign Gold Bond? What will be the tax on pre-mature redemption of gold bonds? How much tax will be charged on the money received on maturity?
Alimony is an important aspect of the divorce process. In such a situation, it is important to understand how alimony is calculated? When will the alimony received from husband after divorce be taxable? How will the wife not have to pay tax on alimony?