Category Archives: Tax Guide

Here are the steps on how to pay property tax in Mira Road-Bhayander Municipal Corporation (MBMC):

The Goods and Services Tax (GST) is a comprehensive indirect tax levied on goods and services throughout India. The GST was introduced in 2017 and replaced a number of other indirect taxes, including the Service Tax, Value Added Tax (VAT), and Central Sales Tax (CST).

Section 112A of the Income Tax Act, 1961, India, was introduced in the Budget of 2018. It provides for taxation of long-term capital gains on listed securities at 10% for gains exceeding the threshold limit of Rs. 1 lakh.

In India, the Income Tax Act categorizes various sources of income for taxation purposes. While most people are familiar with income from salaries, business, and investments, there is a category called “Income from Other Sources” that encompasses diverse earnings not covered under the other specific heads. This blog aims to shed light on what constitutes […]

Section 115JD of the Income Tax Act, 1961, was introduced to provide relief to certain taxpayers who have accumulated long-term capital gains (LTCG) but wish to convert their capital assets into new assets. Under this section, taxpayers can claim credit for the taxes paid on LTCG, subject to certain conditions. In this blog, we will […]

Introduction: As businesses navigate through the complex landscape of goods and services taxation, the implementation of the Goods and Services Tax (GST) has simplified and streamlined the taxation system in many countries. The Harmonized System of Nomenclature (HSN) code is an integral part of the GST framework. In this blog, we will delve into the […]

In India, business income tax is levied on the profits earned by businesses, whether in the form of a company, partnership firm, or sole proprietorship. The tax is governed by the Income Tax Act, 1961, and administered by the Central Board of Direct Taxes (CBDT) under the Department of Revenue, Ministry of Finance.