Tax Benefits

A transfer price is the actual price charged in a transaction between related entities, according to Income Tax website

Rent to parents, insurance premiums, gifts: Your tax-planning checklist

Is your credit card cashback taxable? Know the tax rules for rewards, referrals and online sales

A taxpayer can switch between the two regimes while filing the returns but cannot go back to the other one till the year ends after making a selection

The old tax regime refers to the income tax calculation and slabs that existed before the introduction of the new tax regime in 2020. Old tax regime has higher tax rates, but taxpayers get exemptions.

Income tax calculator: Compare old and new tax regimes to see how much you'll actually pay on Rs 6-50 lakh income in FY27

Investors face a narrowed tax-free window for Sovereign Gold Bonds as the Budget shifts focus back to traditional EEE-rated savings schemes

The deduction claimed must be in proportion to their ownership share and actual EMI contribution

In its judgment, the court held that taxation under this entry cannot be extended to specialised equipment whose design and primary function are confined to industrial premises

From Section 80D to home-loan perks, here's what many taxpayers overlooked last year

Pre-Budget representations made to finance ministry, tourism ministry

The Supreme Court held that ink and chemicals used to print lottery tickets qualify as goods under a works contract, upholding the Allahabad High Court order

The 'Festival of Savings' appears to be the new policy instrument to revive and sustain growth

LocalCircles' survey found that 42% of consumers were only "partially confident" and 33 per cent were "not confident" about companies lowering MRP in line with the revised GST rate

Gift deeds, registered sale deeds, and transparent banking channels can make even intra-family transfers fully compliant with the law

Be mindful of limited returns, low liquidity, and higher premiums than non-par plans

The big question: Are these companies paying their fair share of taxes in India? That question has triggered a series of tax disputes between foreign firms and Indian authorities

Making purchases exempt from VAT could result in £3.65 billion ($4.9 billion) of additional spending by visitors from the European Union

Currently, foreign companies operating or leasing data centres in India may be taxed at a higher corporate rate of 35 per cent, compared to 22 per cent for domestic firms, according to Moneycontrol

Those who sold land or building must observe the recent changes to indexation benefits for calculating capital gains tax