April 18, 2023

Special provision in respect of newly established undertakings in free trade zone, etc

The Indian government has launched a plan called the Special Provision for Newly Established Undertakings in Free Trade Zone, etc. This strategy is designed to promote investment in particular regions of the country by providing tax benefits and other incentives to newly established undertakings operating in Free Trade Zones (FTZs) and Special Economic Zones (SEZs). […]

Incomes not included in total income

The Income Tax Act provides for various types of income that are not taxable and are thus excluded from an individual’s total income. Let’s discuss some of the most common examples of such income. Agricultural income is a typical category of income that is exempt from tax. It refers to any income earned from selling