Simplified Laws Guide to Taxation and Legal Concern

All Individual taxpayers invariably know the terms Old Tax Regime (OTR) and New Tax Regime (NTR). A lot of discussions have been done on this topic. If you ask me, the matter is not worth the hype. “Which Regime is more beneficial to me?” is a natural question that comes …

Ramesh and his family are planning for an Australian tour in August 2023, costing Rs.20,00,000 for the entire family. The latest budget proposal requires him to arrange an additional Rs.2,40,000 (20% of the package cost) towards TCS. What is TCS? TCS (Tax Collected at Source) is a sibling of TDS …

If you are holding an Indian PAN Card and have not linked your Aadhar to the PAN in the Income Tax Portal, there is a high chance of you getting a mail with the caption FW: NPXXXXXX0M – PAN-Aadhaar Linking Campaign In this campaign from the tax department, they have …