ITR filing with new tax regime When filing an income tax return (ITR) in India under the new tax regime, also known as the optional concessional tax regime, there are a few key points to consider. Here’s an overview: Understand the ITR filing with new tax regime: The new tax regime offers lower tax rates… Read More »
GST Tax Imposed The imposition of the Goods and Services Tax (GST) occurs when there is a taxable provision of goods or services, ensuring its uniqueness.. In most countries that have implemented GST, including India, the tax is levied at the point of supply, which is generally the time of sale or provision of goods… Read More »
New income tax law New income tax law, In 2009, the Indian government introduced the Direct Tax Code (DTC), a new income tax law aimed at simplifying and streamlining the existing tax system. The intention was to replace the complex and burdensome Income Tax Act, 1961, which had undergone numerous amendments over the… Read More »