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Agricultural Income

Introduction:The agricultural sector plays a crucial role in the economic perspective of any nation, both in developed and developing economies. As per Section 10(1) of the Income Tax Act, agricultural income is exempt from income tax and is not included in the total...

Reporting of FNO trading- All you need to know

Introduction:Futures and options are derivative financial instruments that derive their value from an underlying asset such as stocks, indices, currencies, or commodities. These instruments are popular among investors and traders for hedging, speculation, and...

Form 67 for Relief under section 90/90A/91

Introduction:In today’s globalized world, where businesses transcend borders and individuals relocate for work and investment opportunities, the issue of double taxation has become increasingly relevant. To address this challenge, countries often enter into Double...
Taxation on online Gaming

Taxation on online Gaming

Introduction:India is witnessing sharp rise in online gaming sector as well as in betting sector. Many platforms offer winnings on completion of a particular game or upon winning a bet. This is one of the significant factor government has looked upon to generate...

Changes and important amendments in Form 3CD

Introduction:Form 3CD is a statement of particulars required to be furnished under section 44AB of the Income Tax Act, 1961. It is essentially an audit report that is required to be filed by certain persons carrying on business or profession. The form requires...

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