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Luxury Goods Over Rs 10 Lakh to Attract 1% TCS from April 22
New Delhi, April 23 – The Income Tax Department has notified that luxury items such as handbags, wristwatches, shoes, and sportswear priced above Rs 10 lakh will now be subject to a 1 percent Tax Collected at Source (TCS). The... 
Trump’s Import Duty on Vehicles to Have Minimal Impact on India’s Auto Sector: GTRI
New Delhi, March 27 – The recent announcement by U.S. President Donald Trump to impose a 25 percent import duty on completely built vehicles (CBUs) and automotive components is expected to have limited impact on India’s automotive industry, according to... 
JJ Tax, a startup providing Tax Solutions celebrates its 3rd Anniversary
New Delhi (India: JJ TAX, a Startup providing Tax and Compliance Solutions, celebrates its 3rd anniversary. JJ TAX was initially a TAX App but gradually added compliance and legal services to our gambit of services.
Over the past... 
“Indore CA Duo Launches Law Legends: India’s First App Simplifying Income Tax and GST Acts in Hindi Videos”
Indore (Madhya Pradesh) [India], May 22: Indore-based Chartered Accountants CA Anmol Bohra and CA Vikram Tongya have developed a groundbreaking application called Law Legends. This innovative app aims to simplify and provide comprehensive information on India’s complex Income Tax... 
Higher tax rate to discourage many residents from overseas travel
New Delhi, May 19 (IANS) Experts say that the higher tax collection at source (TCS) rate of 20 per cent on overseas remittances makes it almost mandatory to file Indian income tax returns.
Kunal Savani, Partner, Cyril Amarchand Mangaldas said...
Tax rule recap: Some key changes have come into effect
New Delhi, April 4 (IANS) With the new financial year 2023-24 having begun from April 1, several tax rule changes have come into effect.
Let's have a look at some changes here:
The new income tax regime has become the...
Direct Tax Collections in India Show Significant Growth
The provisional figures of Direct Tax collections in India for the Financial Year 2022-23 continue to show significant growth. As of 10th February 2023, the gross collections are at ₹15.67 lakh crore, a 24.09% increase over the corresponding period last... 