Income Tax

Profit after tax is a vital business metric that tells whether your business is making a profit or loss. Investors closely look at PAT before deciding to invest in a company.

The new income tax bill aims to simplify life for taxpayers by making tax laws simpler and lucid.

For salaried professionals, effective tax planning is key to reducing tax liabilities. With a range of tax-saving options available under the Income Tax Act, it is important to leverage these to their full potential.

Central KYC is a centralized repository system that stores customer identity and address details, simplifying the KYC process for customers and promoting efficiency for financial institutions. Benefits include time and cost savings for customers, as they don't need to submit KYC documents repeatedly, and uniformity in KYC norms for easier access to financial services.

The CII or the Cost Inflation Indexation is a way to measure the inflation and it is further used for computing long-term capital gains earned by selling the assets. The CII also takes the CPI or the Consumer Price Index into consideration for a specific financial year for the urban employees. Hence, indexing helps in reflecting the asset’s real value in accordance with the existing market prices.

Learn more about TDS, including what is TDS, how to calculate TDS on your wage, and why TDS is deducted from your income.

The Income Tax Act, 1961 has separate provisions for taxes on individuals, associations, and companies. One such provision for companies is the Minimum Alternate Tax (MAT).

Are you among the ranks of willing entrepreneurs ready to take up a new challenge? It might just be the best time to ride into the start-up horizon in India.

Even a few years back your hotel bill would show a charge under the category of ‘luxury tax’. But you won’t find any such term in such receipts these days.

Are you an Indian taxpayer? Find out the most common mistakes that creep in while filing income tax returns. This will help you steer clear of them.