Income Tax News

trusts / institutions which have furnished audit report on or before 31st October, 2023 in Form No. 10B where Form...

However, they have even mentioned that in case assessee has already filed and shown interest income under "other income" then...

This section is only applicable where seller is a resident, if seller is non-resident TDS needs to be deducted u/s...

As per sub section 2 of section 115BAC of the Act the following deduction shall not be available in relation...

Further, such demand shall not include demand related to TDS deduction and TCS collection i.e. deductor related demands visible on...

However, to provide relief to the senior citizens (whose age is 75 years or more) and to reduce the compliance...

Hence, an important thing to note here is that a person can claim benefit of this section only when it...

Incriminating documents recovered during the search, contain details of ill-gotten money of approximately Rs.13 crore, received in cash by the...

A primary cooperative society engaged in supplying of milk to the Federal Cooperative Society is eligible to claim deduction in...

In our earlier post we have discussed the newly introduced Section 43B(h) of the Income tax act which says that...

The proposal aims to waive off the recovery of the old outstanding demands up to INR 25,000 for the period...

ITR-4 (SUGAM) is for resident individuals, HUFs and Firms (other than LLP) having total income upto Rs. 50 lakh and...

We are unable to comprehend the contention raised that if the notice dated 30th May 2022 under Section 148A(b) of...

An investment made by a foreign company in an Indian company is a capital account transaction and such transaction cannot...

Any sum payable by an assessee to a micro and small enterprise in respect of an expenditure, beyond the time...