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18 percent GST Rate ON Health and Term

18% Tax on Term & Health Insurance! Lower GST Rate Has Many Benefits

Particularly in the rise of medical cases during and post-pandemic, the insurance sector was in demand. Experts see that the 18% GST is higher on health and term insurance and the same must be reduced. Much more people shall take health and term insurance for their medical security if the government cancels the 18% GST […]

Additional Advantages for New Income Tax Regime

Centre: Extra Benefits May Make New Tax Regime More Attractive

Through the motive to make it effective for the one’s income assessees, the centre would work to rectify the 2-year former exceptions free income tax regime, furnishing fewer tax rates post to the failure of the new system to attain the benchmark. Finance Ministry, seems to remove the old personal income tax regime, that provides […]

All About New Foreign Tax Credit Rule

All Details About New Foreign Tax Credit Rule with Benefits

What is the New Foreign Tax Credit (FTC)? Furnishing relief to the assessee for the case of claiming the Foreign Tax Credit (FTC), the Central Board of Direct Taxes (CBDT) has changed Rules 128 of the income tax rules 1962. Prior to the revision, the assessee can exclusively avail of FTC, via furnishing Form 67 […]

Tax Dispute Resolution Scheme with Benefits

Full Guide to Online Tax Dispute Resolution Scheme with Benefits

The Central Board of Direct Taxes reported the e-Dispute Resolution scheme, 2022 to settle tax disputes. Abhishek Murali, president of, the All India Tax Payers Association (AITPA), tells you about the scheme. What is the Requirement for the Amended Tax Dispute Resolution Policy? The income tax laws would constantly get updated over a period of […]

Income Tax and Financial Benefits for Women

Full Guide to Income Tax & Financial Benefits for Women in India

International Women’s Day (IWD) is observed every year on 8 March to celebrate the cultural, political, and socio-economic achievements of all women. It is a momentous day for the country, which achieved a major milestone last year, with India’s sex ratio improving to 1020 per 1000 males in 2021. A country that is still tackling […]

New Tax Return e-filing Portal for Taxpayers

Benefits of Advanced ITR Filing New Web Portal for Taxpayers

The latest e-filing web portal was successfully launched on 7, June 2021 by the income tax department on the website www.incometax.gov.in. the motive to launch the new e-filing portal is aimed at giving the assessee convenience and a modern, seamless experience to the assessee. FM Instructs Infosys to Develop Taxpayer Friendly New E-portal On Tuesday […]

No DPIIT Benefits for Start-ups

No Permission of DPIIT Program Benefits for Start-ups by Tax Dept

The tax council will no more provide any privilege to any business unless it is not important. As per the reference in the talks amid the Department for Promotion of Industry and internal trade DPIIT along with the revenue council, the north block has refused the plan to prolong the incorporation cut-off date for startups […]

IT Dept Scrutinize MNCs Dealing with Tax Havens

IT Dept to Critically Scrutinize MNCs Dealing with Tax Havens for Benefits

The IT department has commanded the field officers to scrutinize the financial transactions of the entities/businesses that come under the surveillance of ‘tax haven’ countries and jurisdiction. The Central Board of Direct Taxes These types of taxes are directly imposed and paid to the government of India. Example of Direct Tax is Income Tax, TDS, […]

Benefits of GST After New GST Law

Know the Benefits of Registered Taxpayers Due to New GST Laws

Several changes have been made to the CGST Act, which will benefit the taxpayers in terms of ensuring compliance. The recent update in the different sections of the CSGT Act is related to the tax payments and interest, which will ease out the process of GST return filing View the full comparison report between old […]

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