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How NPS benefit in salary can increase tax savings

Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. ....

Shashank Gupta , Tax Free , Annual Tax ,

Tax-saving ideas: Do this to reduce tax to zero

Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. ....

Vinay Makhija ,

Executor payments are a taxable commodity

The income received by an executor must be included in their assessable income in the year it is derived and taxed at normal marginal rates, says an SMSF legal specialist. Matthew Burgess, director of ....

Executor Commission , Income Tax Assessment Act ,

MSE: Businesses navigate new tax law impacting MSE payments, seek government intervention

The new law under Section 43B(h) of the Income Tax Act, which mandates payment to micro and small enterprises (MSEs) within 45 days of delivery to claim deductions, is causing concern and leading to various strategies by businesses and vendors to mitigate its impact. Some companies are attempting to avoid the law s impact by sending letters to vendors without expecting responses, while others are issuing post-dated cheques or raising objections within 15 days of delivery to delay payment obligations. ....

Uttar Pradesh , Madhya Pradesh , Manish Dafria , Paras Savla , Nirmala Sitharaman , Anurag Poddar , Narayan Rane , Gautam Nayak , University Of Western Australia , Offering College , Income Tax Act , Corporate Journey , Strategic Skill , Product Officer , Executive Officer , Msmed Act ,