Tag: Tax

Navigating Cash Transactions: The Income Tax Laws Between Relatives or Family Members

Demystifying cash transactions within families! This comprehensive guide discusses income tax regulations, spouses as well as parents and children exemptions, and practices to be...

Big Tax Break for Millions: The government increases the limit for income tax rebate to Rs. 7 Lakh

Indian government increases income tax rebate cap up to Rs.7 Lakh, thereby excluding millions from paying tax on income. This significant policy shift reduces...

Form 2290: A Comprehensive Guide to Navigating Heavy Vehicle Use Tax

Form 2290, colloquially known as the Heavy Vehicle Use Tax (HVUT) form, stands as a pivotal document for individuals and enterprises engaged in the...

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