Vikas Vasal

Articles By Vikas Vasal

11 Articles

Budget 2021 Expectations: Equalization Levy 2.0 – More clarity required from Govt

Union Budget 2021 India: The government may use the upcoming Budget as a platform to issue necessary clarifications through necessary amendments in the tax provisions, along with detailed FAQs.

Budget 2020 rationalises personal taxes, says Vikas Vasal of Grant Thornton India

Budget 2020-21: The new personal tax regime would certainly be beneficial for certain categories of taxpayers like expatriates, who generally do not claim any exemptions or deductions, retired personnel etc

Budget 2019: Sitharaman offers an array of tax reliefs to start-up fraternity

Union Budget 2019: The FM announced that the eligible start-ups shall not be subjected to any tax scrutiny in relation to valuation subject to submission of prescribed declarations and information.

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Taxability of EPF Withdrawal: Tax implications on withdrawal of Employee Provident Fund balance

There are tax implications on partial or complete withdrawal of the EPF amount. Here's all you need to know about them.

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Income tax benefits on education costs for individuals; Here’s all you need to know

Are you aware of the income-tax benefits available to an individual in relation to the education costs as per the provisions of the Income-Tax Act, 1961?

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Income Tax Return filing: Implications for delay, non-filing of ITR for individual taxpayers

It is important to be aware of the consequences under the Income-Tax Act, 1961, for delay or failure to file the income tax return on time.

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Income Tax efiling: All that you need to know about TDS on rent and consequences of non-compliance

With effect from the current financial year, the total annual rent paid/ credited to the landlord during the year would be subject to tax deduction at source.

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Income tax benefits on healthcare expenses; here’s all you need to know

Are you aware of the income tax benefits available to an individual in relation to the healthcare costs under various scenarios as per the provisions of the Income-Tax Act? Here's a help.

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Budget 2018 expectations: This is what expatriates want from FM Arun Jaitley

Budget 2018: A pro-active approach by Finance Minister Arun Jaitley and the Modi government in the upcoming Union Budget would be a very positive step which would result in an upsurge in the expats’ index in India.

Some of the expectations of expats from the upcoming Union Budget 2018 are listed here.

Income Tax Returns (ITR) filing: How housing loan can help you reduce your tax liability

Under various provisions of the Income Tax Act, a housing loan can help an individual reduce his/her tax liability to a large extent. Here's all you need to know.

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Budget 2018: Need to amend the ambit of 54EC bonds to boost infrastructure sector

The government should consider revising the present limit of investments in the bonds in a FY to not only boost infrastructure but also remove hardship caused to assessee because of the current ceiling.

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