Tax Exemption

With an estimated 250 unicorns by 2025 from a little over 100 now and $180 billion of total funding by CY23, India's startup ecosystem is well-positioned to leverage the availability of young talent

You can claim only if the payout is voluntary and you have documentary proof to this effect

Group of ministers headed by Karnataka Chief Minister Basavaraj Bommai is working on the second round of GST rate changes, a news report said

The finance ministry is proposing to soon review the exemption-free new tax regime with a view to making it more attractive for individual income taxpayers, sources said

For exemption on Covid-19 payments, file revised return for FY 2021-22, updated return for earlier years

Failure to do so can result in penalties for the legal heir

Understanding capital gains tax exemption under Section 54

Taxes are levied on earnings made from sale of residential property as well. It is known as capital gains tax. But did you know that in some cases you can save yourself from this tax? Find out how

Section 54 tax exemption should not be available if the taxpayer already owns two or more properties on the date of sale of property

'This year we should have got Rs 60,000-80,000 crore as capital gains tax', said Tarun Bajaj

Use of the instrument has been falling over time

Microsoft and the Telangana government have finalised a deal to set up a Rs 15,000-crore data centre in Hyderabad

Currently, under Section 80C of the Income Tax Act, an individual can claim a deduction of the life insurance premium paid from his/her taxable income

Rejects tax authorities' argument that IPL is a money-making exercise disguised as cricket promotion

The exemption, granted under the Odisha Motor Vehicles Taxation Act, is applicable till 2025

This exemption is applicable to any amount paid by the employer, and limited to Rs 10 lakh if received from any other person, the finance ministry notified

Both Sections 54 and 54F allow taxpayers to claim exemption from tax on long-term capital gains

A proposed regime requiring investments through holding companies may have tax implications, say experts

Experts say while global funds may want to consider shifting their India portfolios to IFSC, the move would result in splitting the fund into two, which may not be acceptable to investors

FM offers a slew on incentives for senior citizens and affordable house buyers, apart from easing tax compliance