HSN Code: Meaning, Applicability & HSN Code Finder
GST (Goods and service tax) is a tax imposed by the government on the sale or purchase of…
What is Input Tax Credit Under GST- Conditions, Eligibility and Example
GST (Goods and service tax) is a no new term for anyone familiar with taxes. Ever since the…
What is Inheritance Tax Meaning? When is it Imposed on the Property?
Inheritance tax is levied on the wealth transferred from a deceased person to their heirs. While many countries…
UPI Limit for Tax Payments Increased from Rs 1 Lakh to Rs 5 Lakh
“The Reserve Bank of India (RBI) has increased the UPI limit for tax payments from Rs 1 lakh…
UPI Transactions Soar: ₹20.64 Trillion in July, 45% Yearly Growth
The latest data from the National Payment Corporation of India (NPCI) reveals that Unified Payments Interface (UPI) transactions have seen…
A Whopping 70% of Indian Taxpayers Choose New Simplified Tax Regime
Synopsis: A record-breaking 70% of the nearly 6 crore Indians who filed their income tax returns for the…
New FASTag Regulations Starting August 1: Key Updates and Deadlines
Synopsis: On August 1, new rules for FASTag users came into effect, designed to improve toll payment efficiency…
July 31, 2024: Final Income Tax Filing Deadline, No Extension Expected
Synopsis: The deadline for filing income tax returns (ITR) for the financial year 2023-24 is July 31, 2024.…
Less than 50% of Income Tax Returns Filed; No Extension Expected
Synopsis: July 26th, 2024: As the deadline for filing income tax returns approaches on July 31st, the Indian…
New vs. Old Tax System: How India’s Latest Tax Reforms Affect Salaried Individuals
The Indian government is promoting a simplified income tax system for salaried individuals. Introduced in the 2020 budget,…