Tag: Tax implications

So, like, the income tax department just dropped a bomb on taxpayers, saying they can't claim deductions for expenses related to settlements under certain laws. This includes the SEBI Act, the Securities Contracts Act,...

Starting from the financial year 2023-24, the new tax regime has become the default option for taxpayers, with tax deductions being based on this system unless individuals specifically opt for the old tax regime....

As the dawn of the new financial year approaches in FY 2025-26, taxpayers find themselves at a crossroads, contemplating the choice between the Old and New Tax Regimes. The upcoming fiscal year, commencing on...