Professional Tax

Tax on Profession is levied by the state government on every person exercising any Profession or calling or is engaged in any trade or holds any appointment, public or private or is employed in any manner in the State. The collection of Profession Ta..

Direct Tax in India

The major director tax in India is Income Tax. The tax is levied on each type of assessees. The rates of tax will change from year to year based on finance act.

Interim Budget 2019 - Key Changes

The interim budget, presented by the Finance Minister, is a progressive budget for small taxpayers and real-estate sector. The proposals made in the interim budget would provide immediate relief to small taxpayers and incentivize the salaried taxpaye..

Angel Tax Exemption to Start-Up

As per the new Notification, an entity will be considered as a Start-ups upto a period of ten years from the date of incorporation and registration in place of the earlier duration of 7 years.

What is Angel Tax?

The Angel tax was introduced by then finance minister Pranab Mukherjee in the 2012 Union Budget to arrest laundering of funds.