TaxIndiaUpdates In

Best Mutual Funds in India for Long Term Planning

August 31, 2023February 28, 2026 TaxIndiaUpdates In0 comments4602 views

A mutual fund is a collective investment vehicle that collects & pools money from a number of investors and invests the same in equities, bonds, government securities, money market instruments. The money collected in mutual fund scheme is invested by professional fund managers in stocks … Continue Reading →

Goods and Service Tax

Weekly Newsletter GST Law and Other indirect Taxes [June, 2023]

June 29, 2023 TaxIndiaUpdates In2 comments8030 views

GST Fraud: DGGI Gurugram officials bust racket involving 539 fake entities and fraudulently claiming ITC of Rs. 1,124.66 crore, one held In another operation, GST evasion of Rs. 97.44 crore through a network of 19 fake entities busted In an intelligence-based operation, the Directorate General … Continue Reading →

Goods and Service Tax

Weekly Newsletter Income Tax and Other Law [May, 2023]

May 28, 2023 TaxIndiaUpdates In0 comments5488 views

Increased limit for tax exemption on leave encashment for non-government salaried employees notified In pursuance to the proposal in the Budget Speech, 2023, by the hon’ble FM, the Central Government has notified the increased limit for tax exemption on leave encashment on retirement or … Continue Reading →

Goods and Service Tax

Weekly Newsletter GST Law and Other indirect Taxes [May, 2023]

May 11, 2023May 12, 2023 TaxIndiaUpdates In0 comments5051 views

CBIC rolls out Automated Return Scrutiny Module for GST returns in ACES-GST backend application for Central Tax Officers In order to implement this non-intrusive means of compliance verification, CBIC has rolled out the Automated Return Scrutiny Module for GST returns in the ACES-GST backend … Continue Reading →

Income Tax

Capital Gains: Taxation & Exemptions in India

April 10, 2023April 26, 2023 TaxIndiaUpdates In0 comments4421 views

A taxpayer can claim exemption from certain capital gains by re-investing the amount of capital gain into specified asset. The following table highlights the assets in respect of which the benefit of re-investment is available: Section Eligible Assessee Gain eligible for claiming exemption Asset in which the capital gain is to be … Continue Reading →

Newsletter

Weekly Newsletter Income Tax and Other Law [April, 2023]

April 5, 2023April 22, 2023 TaxIndiaUpdates In0 comments4236 views

CBDT Circular No. 04 of 2023-Income Tax (No.370142/06/2023-TPL) Dated 05-04-2023 Clarification regarding deduction of TDS under section 192 read with sub-section (1A) of section 115BAC of the Income-tax Act, 1961 – reg. In order to avoid the genuine hardship in such cases, the Board, in … Continue Reading →