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Splitting the Jackpot: Tax Implications of Joint Lottery Winnings and Subsequent Gifting

Team Taxscan

Winning the lottery as a group can feel like a dream scenario—until the taxman comes knocking. In India, lottery prizes aren’t dealt out in neat,...

How Inflation, Oil Prices & Geopolitics Drive Currency Movements

“Decoding the GST Debate: Skill Gaming in the Crosshairs”

Understanding Private Equity: How It Powers Growth Beyond Public Markets

Adobe Acrobat Introduces New Online PDF Tools

Accounts Payable Automation vs Outsourcing: What Works Better in 2025

Managing accounts payable isn’t just about paying bills. It’s chasing down invoices, keeping vendors happy, avoiding late fees, and doing it all without burning out your team. As businesses grow,...

11 ways international travel insurance saves you during long-term stays

People travel abroad for various reasons: business trips, higher-study programs, humanitarian work, or recreational travel. However, certain circumstances may compel an individual to stay overseas...

New Income Tax Slab vs. Old: Which Works Better with ROP Term Plans?

Understanding what each income tax structure means for your budget has become more urgent. It's worth examining both systems closely, especially if you’re thinking long term, say, about life...

Fixed vs. Floating rates: how an interest calculator helps you decide smarter

Choosing between a fixed and floating interest rate for your personal loan? It’s a decision that can affect your budget for years. And the smartest way to compare these options is by using an ...

CBIC Clarification Circular on DGGI Adjudication Sparks Confusion, Triggers New Legal and Operational Questions

The recent circular issued by the Central Board of Indirect Taxes and Customs (CBIC), intended to bring clarity to the appellate framework for GST matters adjudicated by officers of the Directorate...

The Ultimate Sanctuary: Is Gold or Bitcoin the Better Safe Haven Asset?

In an era of geopolitical turbulence, inflationary pressures, and unpredictable financial markets, the quest for a "safe haven" asset has never been more urgent. For centuries, gold has reigned...

Old vs New Tax Regime: Which One to Choose While Filing ITR

Introduction Indian taxpayers have the option of adopting either the old or the new income tax regime during their returns filing since the year 2020. The old regime has HRA, Section 80C, 80D,...