Tag: income tax rules
Ease TDS rules for buying house property from NRIs in Budget 2024
Buying a house in India involves some tax compliances which get very complex when the seller is a Non-resident individual (NRI). Every property buyer, being…
take-home pay: Income tax department notifies rules for valuing rent-free accommodation provided by employers
Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be able to save more and get a higher take-home salary…
I-T department tweaks disclosure norms for charitable institutions claiming exemption
The income tax department has made changes to the disclosure requirements for charitable institutions claiming income tax exemption. Effective from October 1, the amendments to…
‘Angel tax’ shield for buyers of PSU shares during selloff
India Thursday provided a carve out for buyers, including overseas buyers, of shares of a public sector enterprise or any government company under a strategic…
Which income tax regime should salaried employees choose? Details here
With the onset of new financial year on April 1, several new income tax laws like the new tax regime being set as the default…