Indian Tax Laws

Section 44AB: Tax Audit under Income Tax

Post author:TAXVIC
Post published:August 28, 2023
Post category:Chartered Accountant Audit Compliance and Regulations Financial Reporting Indian Tax Laws Legal Tax Procedures Presumptive Taxation Scheme Professional Tax Audit Section 44AB Tax Audit
Reading time:7 mins read

As tax season approaches, individuals and businesses must be familiar with the numerous requirements of the Income Tax Act in order to ensure compliance and avoid penalties. The obligation for…

Discover the tax implications of receiving gifts in India. Learn about the taxability of monetary gifts, immovable properties, and movable properties for individuals and HUFs. Get answers to common FAQs

Tax on Gift Received by an Individual or a HUF – Frequently Asked Questions

Post author:TAXVIC
Post published:June 2, 2023
Post category:Financial Planning Gift Tax Gifted Properties Immovable Property Taxation Income Tax Indian Tax Laws Movable Property Taxation PERSONAL FINANCE Tax Exemptions Taxation
Reading time:11 mins read

Tax on Gift Received by an Individual or a HUF Is the receipt of monetary gifts by an individual or Hindu Undivided Family (HUF) taxable? Yes, under the Income Tax…