Income Tax Slabs/ Rates for NRIs, HUFs, AOP, BOI, AJP: AY 2022-23
The income tax rates/rates applicable for Non-resident Indian Individuals (NRIs) of all age groups, HUFs, AOPs, BOIs, and AJPs, in respect of AY 2022-23, as per the Finance Act, …
Tag: HUF
Who is a ‘Person’ under S. 2(31) of Income Tax Act in India
Find out what constitutes a 'person' under Section 2(31) of the Income Tax Act in India and what it means for tax purposes.
Health and Education Cess Rates under Income Tax (AY 2022-23)
Aggregate amount of Income tax and Surcharge (if applicable) is further subject to 4% ‘Health and Education Cess’ in the case of all types of taxpayers, in respect of …
Marginal Relief from Surcharge on Income Tax: AY 2022-23
For AY 2022–23, assessees can claim marginal relief from the surcharge on income tax to mitigate the effect of the additional tax burden that is over and above the …
Surcharge Rates on Income Tax: AY 2022-23
Surcharge on income tax is payable if taxable income of a taxpayer exceeds a specified threshold limit during the AY 2022–23, i.e., Rs. 50 lacs in the case of …
ICAI’s Technical Guide on ‘Taxation of HUFs’
ICAI has released the publication titled ‘Technical Guide on Taxation of HUFs’, which covers laws and procedures relating to taxation of HUFs at length and is very useful to …
