The GST Council declared that voucher transactions will not be subject to GST, providing relief to retailers. This decision clarifies that ...

Diwali Bonus is taxable: Around Diwali, employers usually gift their employees either in cash as a bonus or in kind, such as bed sheets, ho...

Multiple corporate and some government employees would have received their Diwali bonus. Further it is not always necessary to receive Diwa...

Some vouchers have GST levied on them at the time of purchase, which leads to double taxation when they are used to buy goods or services t...

India has clarified the tax implications of Virtual Digital Assets (VDAs), including cryptocurrencies and non-fungible tokens, brought unde...

The ever-growing demand of vouchers is being satiated by companies who procure vouchers from their issuers and supply them to buyers. Till ...

Find out about the people who can give you tax-free gifts and the gifting threshold that will not invite any tax.

Besides the sustainable gifts, companies are also giving experiential gifts like travel or stay at a hotel to employees, especially as the ...

Effective from FY 2022-23, gains from virtual digital assets, cryptos and non-fungible tokens or usually known as NFTs (that will be notifi...

Through e-wallets and UPI, it has become easy to send and receive money through your phone. Often, debts to friends may be settled in this ...

The e-commerce sector is eagerly looking forward to the upcoming budget to address the concerns and act as a business catalyst for the sect...

Perks such as cars, rent-free accommodation, stock option plan, etc have become taxable in the hands of employees now. Final worth of your ...

Govt to announce norms for FBT that have become taxable in the hands of employees after a change effected in the 2009-10 Budget. Fact sheet...

While, this is good news for employers, employees would now be liable to pay income-tax on such benefits as perquisites. Where to save tax ...

Employees enjoying perks such as rent-free accommodation, cars, credit cards and club memberships may have to pay tax on these. Budget 2009...

A fool judges people by the gifts they give him, says a Chinese proverb. The proverb would not stand its ground in India, thanks to the tax...

The government has notified revised rules for perquisite valuation in line with its bid to make perks taxable.