Old vs New Tax Regime in India: How to Choose the Right Tax Option
We discuss the old and new tax regimes and the proposed changes in the Union Budget 2023-24 to assist taxpayers in making an informed choice.
India’s Union Budget for 2023-24: Key Highlights
India’s Union Budget 2023-24, announced February 1, promotes infrastructure growth, green industry, and makes changes to the new tax regime. We report the major highlights.
India’s Tax Compliance Calendar for Businesses for January-March 2023
As India prepares to enter last quarter of FY 2023, we list the due dates and key forms for tax compliances for January-March 2023 period.
India Mulls Changes to its Capital Gains Tax Regime
Amendments are being proposed to India’s capital gains tax regime to make it simpler and streamlined.
Capital Gains Tax in India: An Explainer
In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961.
India’s Tax Authority Considers Common Income Tax Return, to Include Crypto Assets Declaration
India has released a draft common income tax return (ITR) that will merge various existing ITR forms and emphasizes comprehensive disclosure of income and assets.
India’s Tax Authority Extends TDS Filing Deadline for Non-Salary Transactions to Nov. 30
The deadline for filing Q2 2022-23 TDS in Form 26Q is extended to November 30, 2022 to give more time to taxpayers facing difficulties.
India’s Mandatory Tax Compliances in September 2022: Key Dates
We list India’s key dates in September 2022, which are relevant for taxpayers to fulfill their income tax and goods and services tax (GST) related compliances.