Following an amendment to the Finance Act 2023 for calculating of “perquisite” regarding rent-free housing offered to an employee, the CBDT has accordingly modified the rules.
The revision in agreement follows the guidance issued by the Insurance Regulatory and Development Authority (IRDAI) in October last year
With the deadline for filing income tax returns by those having business income and corporates approaching, the income tax department has issued a set of FAQs
Capital loss reported in income tax returns (ITR) can be carried forward to set off capital gains in the future as per Income tax rules
The Central Board of Direct Taxes (CBDT) issues guidelines for the compounding of offences under the I-T Act, 1961.
Indian investors having foreign investments must pay the required taxes but can also claim a foreign tax credit in India.
