Income Tax
Tax on Gold Selling- Buying- Holding (in India) Latest 2023
INSIGHT OF TAX ON GOLD IN INDIA Holding gold is ritual for Indians and Indian have the regular habit of buying and gifting the Gold to relatives and friends. Among popular low risk investment gold always gives higher assured returns as compare to any other investments. Implementation of Income Tax on Gold:– Section 2 (14) … Read more
Father of Indian Income Tax : James Wilson | Unknown Indian History
British Era and Implementation of Indian Income Tax : By Father of Indian Income Tax James Wilson, who is also known as father of Indian Income tax along with this he was also a great businessman and economist in 1860’s. Childhood and back story of him: Sir James Wilson was born on 3, June, 1805 at … Read more
Tax on Online Gamming : 115BBJ | Latest
(8 min Read) Section 115BBJ. How do I pay tax on online game? (Tax on online gamming) After section 115BBI of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2024, namely:––Tax on winnings from online games.‘115BBJ. (Tax on online gamming) Notwithstanding anything contained in any other … Read more
Indian Tax || New Section 80CCH Agniveer Corpus Fund
(Read 4 Min) Section 80CCH – Contribution to Agnipath Scheme After section 80CCG of the Income-tax Act, the following section shall be inserted, namely:–– Deduction in respect of contribution to Agnipath Scheme. ‘80CCH. (1) Where an assessee, being an individual enrolled in the Agnipath Scheme and subscribing to theAgniveer Corpus Fund on or after … Read more
New Slab rate for AY 2024-25 (FY 23-24)
Benefits for opting new personal tax regime (Section 115BAC) Welcome Patrons!!! Get your self ready for upcoming FY 2023-24. Understand the tax slabs and Plan your finance and save money wisely. Key Benefits to opt in new regime from 01.04.2023 Slab wise tax saving Comparison:- Income (Rs) FY 2022-23(Rs) FY 2023-24(Rs) … Read more