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Digital economy taxation - E-commerce tax India - Online business tax - taxscan

Taxation of Digital Economy and E-Commerce in India

Sneha Sukumaran Mullakkal

India's digital economy has seen remarkable growth in recent years, driven by widespread internet access, mobile technology, and a thriving startup...

Budget 2025: 15 Key Income Tax Changes Every Individual Taxpayer Must Know

FM tables - Middle-Class Friendly - Finance Bill - Major Income Tax Reforms - Budget Reforms - Finance Bill 2025 - Union Budget 2025 - taxscan

FM Tables Middle-Class Friendly Finance Bill, Major Income Tax Regime Budget Reforms [Read Finance...

TDS - Threshold amount - Threshold - Threshold amount will be increased - Tax rates - Tax rates will be revised - FM - Budget Speech - Union Budget 2025 - Budget 2025 India - site image

TDS: Threshold Amount will be Increased, Tax Rates will be Revised, says FM during Budget Speech

Budget 2025: FM Proposes Higher TDS Exemption for Senior Citizen, Increased TDS Limit on Rent

Budget 2024-25: FM Proposes to Amend S.271H of Income Tax Act w.r.t Penalty on Late Returns Filing [Read Bill]

The Union Finance Minister Nirmala Sitharaman during the Budget Presentation at 11 AM on 23rd July 2024 proposed to amend S.271H of Income Tax Act relating to penalty for failure to furnish...

Digital Gold Sales e-Com app ‘Jar’ liable to Collect GST: AAR [Read Order]

The Karnataka Goods and Services Tax ( GST ) Authority for Advance Ruling (AAR) has determined that e-commerce operators are obligated to collect Tax Collected at Source (TCS) for facilitating the...

Budget 2024: Edtech Firms hopes for Tax Incentives to Boost Online Learning

In the upcoming budget the Edtech firms hopes for tax incentives to boost online learning. The edtech firms expects to include the allocation of funds for Information and Communication Technology...

Budget 2024 - Edtech Firms - Tax Incentives - TAXSCAN

Mere opening, breaking or uncorking of liquor bottle by twisting seal not amounts to “Scrap” from “Mechanical Working of Material” u/s 206C of Income Tax Act: Madras HC [Read Order]

In a recent decision the Madras High Court observed that mere opening, breaking or uncorking of liquor bottle by twisting seal not amounts to “scrap” from “mechanical working of material” under...

Claim of Credit of TCS by Individual License holder can't be allowed when it has already been allowed to Partnership Firm: ITAT [Read Order]

The Indore bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of credit of Tax Collected at Source (TCS) by individual license holders can’t be allowed when it has already been...

Finance Ministry exempts Government, Embassies, etc. from TCS on cash purchase of goods or services [Read Notification]

In a recent gazette notification, Ministry of Finance through 21st amendment of Income Tax rules, has exempted Tax Collected at Source (TCS) on cash purchase of goods or services by Government,...