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Income Tax Tips: What Are The Tax Regulations On Transaction Between Spouses

Income Tax Tips: What Are The Tax Regulations On Transaction Between Spouses

Tue, Nov 07, 2023

Don't assume that all transactions between spouses are tax-free. There are some nuanced rules to be aware of, especially when it comes to gifts, investments, and rental income. In this video, we'll break down the key tax implications to keep in mind when dealing with your spouse financially.

Annual direct tax collection target of Rs 13.35 lakh crore! Strategy meeting done - Here are details

Annual direct tax collection target of Rs 13.35 lakh crore! Strategy meeting done - Here are details

Sat, Jan 04, 2020

Revenue Secretary Ajay Bhushan Pandey held a high-level meeting with senior officials of CBIC and CBDT on Friday to strategise and streamline the field functions in order to achieve the direct tax and the GST target of Rs 1.10 lakh crore each in the next two months and Rs 1.25 lakh crore in the f

After France, Italy approves digital tax on tech giants

After France, Italy approves digital tax on tech giants

Wed, Dec 25, 2019

The tax is similar to the one France implemented earlier this year which has attracted severe criticism from the US.

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Five steps to transfer funds to National Pension Scheme tax free

Five steps to transfer funds to National Pension Scheme tax free

Tue, Mar 07, 2017

The government of India on Tuesday announced a clarification to the announcement made during the budget of 2016-17 of transferring funds from ‘recognised’ provident funds to the National Pension Scheme without being taxed.

HSBC reveals ongoing tax evasion probe in India, US, France, others

HSBC reveals ongoing tax evasion probe in India, US, France, others

Mon, Feb 27, 2017

HSBC bank in its recently released annual report has revealed tax evasion probe carrried against the bank, HSBC Swiss Private Bank and other HSBC companies in US, France, Belgium, Argentina and India.

RBI to reimburse banks MDR charges effective January 1

RBI to reimburse banks MDR charges effective January 1

Thu, Feb 16, 2017

The Reserve Bank will start reimbursing MDR charges to banks for payments made since January 1 through debit cards by citizens, in line with the government's move to further digital solutions.

Budget 2017: FinMin announces new benefits for NPS subscribers

Budget 2017: FinMin announces new benefits for NPS subscribers

Thu, Feb 02, 2017

Ministry of Finance said that in a bid to provide further impetus to the National Pension System (NPS), the government has introduced provisions in the Finance Bill 2017 in the Parliament today.

Govt moves to curb 'sham' deals in stock market

Govt moves to curb 'sham' deals in stock market

Wed, Feb 01, 2017

To clamp down on tax evasion through "sham transactions" in stock market, the government today proposed to provide exemption from long-term capital gains tax only if STT has been charged on purchase of shares and other "genuine cases" such as public offers.

Here are salient features of Direct Tax proposals of Budget 2017

Here are salient features of Direct Tax proposals of Budget 2017

Wed, Feb 01, 2017

Read salient features of Direct Tax proposals of India's Union Budget 2017-18 announced on February 1, 2017.

Analysts hail tax certainty in Budget, rue high corp tax rates

Analysts hail tax certainty in Budget, rue high corp tax rates

Wed, Feb 01, 2017

Analysts and market experts have welcomed the tax proposals in the Budget saying the slew of pro-business measures along with more inclusive taxation for individuals and small firms, will go a long way in boosting consumption which in turn will help the economy grow faster.

Here's snapshot of Union Budget 2017 in two minutes

Here's snapshot of Union Budget 2017 in two minutes

Wed, Feb 01, 2017

Know about India's Union Budget 2017-18 in two minutes

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Aim of demonetisation is to bring down real estate prices into the country, says CEA Arvind Subramanian

Tue, Jan 31, 2017

India's Economic Survey 2016-17 has projected the country's real estate prices to fall further on account of the government's demonetisation announcement made on November 8, 2016.

Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates

Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates

Fri, Jan 27, 2017

IT companies expect the government to announce support for research and development (R&D) practices, Digital India, tax rebates and concessions for new-age technological innovations, among others in Budget 2017.

From reviving consumption to creating jobs: These are 5 key themes of Modi's Budget 2017

From reviving consumption to creating jobs: These are 5 key themes of Modi's Budget 2017

Fri, Jan 27, 2017

Budget 2017 will be based on five key themes right from reviving the capex cycle, rural economy to creating jobs.

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Thu, Jan 26, 2017

Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.

Apple says dialogue with India on local expansion plans was ''constructive''

Apple says dialogue with India on local expansion plans was ''constructive''

Wed, Jan 25, 2017

Apple on Wednesday said that it had constructive and open dialogue with the government of India to expand its local operations into the country.

Budget 2017: Cash-ban distress leaves scant room for tax giveaways

Budget 2017: Cash-ban distress leaves scant room for tax giveaways

Mon, Jan 23, 2017

Indirect tax receipts grew by an annual 14.2% in December.

Top 5 ELSS mutual funds to take care of 80C income tax needs

Top 5 ELSS mutual funds to take care of 80C income tax needs

Thu, Jan 19, 2017

ELSS funds or Equity Linked Savings Scheme is a simple way to get tax benefits and invest your money in stock markets.

Nirmala Sitharaman signals start-ups may get tax benefits in Budget 2017

Nirmala Sitharaman signals start-ups may get tax benefits in Budget 2017

Mon, Jan 16, 2017

Commerce and Industry Minister Nirmala Sitharaman on Monday indicated that start-ups may get additional tax benefits in the forthcoming budget, to be unveiled on February 1.

Jaitley looks to break deadlock at GST meeting tomorrow

Jaitley looks to break deadlock at GST meeting tomorrow

Sun, Jan 15, 2017

Finance Minister Arun Jaitley will tomorrow look to break the deadlock over distribution of powers between centre and states to administer GST, an issue that is holding up launch of the new national sales tax from April.

Australia plans to tax all digital transactions

Australia plans to tax all digital transactions

Wed, Jan 11, 2017

The Australian government plans to tax all online transactions, Treasurer Scott Morrison said on Wednesday, as part of a so-called `tax strike` on the rapidly-growing digital economy.

PAN a must for excise, service taxpayers for GST registration

PAN a must for excise, service taxpayers for GST registration

Sun, Jan 08, 2017

The tax department has made it mandatory for central excise duty and service taxpayers to obtain a valid PAN number before they can be migrated to the new goods and services tax (GST) set-up.

China studying tax cuts to reduce burden on firms

China studying tax cuts to reduce burden on firms

Fri, Jan 06, 2017

China had already cut income tax on enterprises to 25% from 33%.

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