TDS Rates and Threshold Limit for FY 2022-23 (AY 2023-24)
TDS or Tax Deducted at Source is income tax reduced/deducted from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. by the...
View ArticleCost Inflation Index for the Financial Year 2022-23 (AY 2023-24) is 331
The Central Board of Direct Taxes (CBDT) notified the cost inflation index (CII) for FY 2022-23 vide Notification No. 62/2022-Income Tax, dated June 14, 2022. The Cost Inflation Index for FY 2022-23...
View ArticleTypes of Capital Gains/Taxpayers eligible for Capital Gains Account Scheme
A seller/transferor of capital asset incurring capital gains can get relief from paying tax if such capital gain is re-invested in certain specified assets within a specified time limit under sections...
View ArticleTax Rates applicable to the Sale of various Capital Assets
Any profits or gains arising from the sale/transfer of a Capital Asset are called “Capital Gains” and are charged to tax under the head “Capital Gains”. Capital gains are classified as either “Short...
View ArticleChange in Debt Mutual Funds Taxation: What You Need to Know
The Finance Bill 2023 has proposed some changes that can impact the way investors invest in debt mutual funds. As per the amendments, any investment made in debt mutual fund units where equity...
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