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Digital payment mandatory for Property tax payment

GST in India: An overview

The Pink Tax in India: Unveiling the Gender Pricing Bias

Special Cases Where ITR Filing Is Mandatory

ATM (Automated Teller Machine)

Invest in 2 houses & claim Capital Gain Exemption

Basic requirements for Company incorporation

Insider

Insider Trading

Finance & Taxation Related Terminology

July 20, 2022October 4, 2022CA Saba Naaz

Insider Trading

Insider trading (or insider dealing) is the trading of shares or securities of a listed company (public company) by someone who has non-public, material and unpublished price sensitive information that can affect the stock price. In India, it is a malpractice that exists in the market. The use of unpublished price sensitive information can impact […]

Goods and Services Tax - GST Services July 23, 2024
GST is a unified tax system that replaced multiple indirect taxes levied by both the Central and State Governments. Under GST, both the Central and State Governments share the authority to levy and collect taxes on goods and services. This has led to greater harmonization and uniformity in the tax structure across States, promoting economic […]
Online Payment of Professional Tax, Gujarat June 12, 2024
This service facilitates applications for Enrollment Certificates (EC) and Registration Certificates (RC), EC payments, updates to names, addresses, and categories, bank details updates, and exemption and cancellation requests in Gujarat.

What is Income-tax?

Category: General FAQs

It is a tax levied by the Government of India on the income of every person. The provisions governing the Income-tax are covered in the Income-tax Act, 1961.

What is the administrative framework of Income-tax?

Category: General FAQs

The revenue functions of the Government of India are managed by the Ministry of Finance. The Finance Ministry has entrusted the task of administration of direct taxes like Income-tax, Wealth tax, etc., to the Central Board of Direct Taxes (CBDT). The CBDT is a part of Department of Revenue in the Ministry of Finance.

CBDT provides essential inputs for policy framing and planning of direct taxes and also administers the direct tax laws through the Income-tax Department. Thus, Income-tax Law is administrated by the Income-tax Department under the control and supervision of the CBDT.

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What is Income-tax?

What is the administrative framework of Income-tax?

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Digital payment mandatory for Property tax payment

GST in India: An overview

The Pink Tax in India: Unveiling the Gender Pricing Bias