Accordingly, the maximum amount not chargeable to tax for the purpose of Section 12A(1)(b) would now be Rs. 1 as...

The new functionalities, allow users to compare different Acts, Sections, Rules, and Tax treaties. All relevant content on the site...

Hence, if a non-resident earns any income from equity share trading during the year he will have to file income...

The Jurisdictional Assessing Officer shall recompute the total income of such co-operative society under the provisions of sub-section (19) of...

The categorisation and the limits of cities and population have now been based on the 2011 census as against the...

As seen in the above image there are three options available for correction in Income Tax Challan: Change in Assessment...

However, in our opinion insurance policies are long term investments for a person and not giving the benefit of indexation...

If no action is taken within the due time i.e. 15 days against such defective notice then it will be...

In relation to the above delay in filing Form 10-IC, many companies had filed Form 10-IC under condonation and has...

The lessee shall,- (i) not deduct tax on payment made or credited to lessor after the date of receipt of...

We notice that the provisions of Section 194IA of the Act are applicable where consideration for transfer of an immovable...

During the peak filing period, e-filing portal successfully handled huge traffic providing a seamless experience to taxpayers for filing of...

One of the most prominent reason for PAN of non-resident becoming inoperative is that PAN of such non-resident is still...

Further, if an employee claims refund every year it could mean that assessee could receive notice and would end up...

ln case of purchase of overseas tour program package which is classified under LRS, TCS provision for purchase of overseas...