Understanding Tax on Cryptocurrency and Virtual Digital Assets
The world of cryptocurrencies and virtual digital assets (VDA) has gained significant popularity in recent years. As governments seek to regulate these assets, India’s Income Tax Act introduced Section 115BBH, which became effective from April 1, 2022. This...Thе Rolе of Artificial Intеlligеncе in Strеamlining E-filing of Incomе Tax Rеturns
In today’s digital agе, technological advancеmеnts have transformed various aspects of our lives, including financial management and taxation. Artificial intelligence (AI) has emerged as a powerful tool in streamlining procеssеs and optimizing еfficiеncy across...What is E-payment of Income tax in India?
Everyone understands the importance of paying taxes and the consequences of non-payment. A salaried person can get the taxes deducted monthly from their salaries. But for others, they need to file direct taxes. Additionally, when people go for e filing of income tax...ITR Forms for AY 2023-24 or FY 2022-23
The new ITR forms for FY 2022-23 or AY 2023-24 are broadly similar to that of the previous year with some additional details required such as Virtual Digital Assets (VDA) asset or minor tweaks for new regime. This article explains What are the changes in the ITR Forms...Old or New Tax Regime?
From FY 2023-24, tax rates for the new tax regime are revised. The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25. Now taxpayer has...Subscribe to All Our Posts
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