tax implications

Income Tax department doubts Rs 10 lakh gift – brother gets tax notice for cash received from sisters; how he appealed & won the case

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A businessman successfully proved cash gifts from his sisters were legitimate, avoiding tax evasion charges. The Income Tax Appellate Tribunal ruled in his favor, accepting ...

GST 2.0 reform kicks in: No more ‘magic’ price points? FMCG drops popular Rs 5 & Rs 10 packs

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The End of an Era: How GST 2.0 is Reshaping FMCG and Your Wallet Remember that comforting feeling of snagging a ₹5 or ₹10 snack? ...

GST rejig: Auto dealers mull options to deal with cess removal

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Navigating the Road Ahead: How Car Dealerships Are Steering Through Potential GST Changes The air in the automotive industry is thick with anticipation. Whispers about ...

GST has to be paid on discounted price: CBIC

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Decoding GST on Discounts: What Businesses Need to Know The world of Goods and Services Tax (GST) can sometimes feel like navigating a maze. Just ...