Tag: Income tax

In view thereof, it is reiterated that the ITCC under Section 230(1A) of the Act, is needed by residents domiciled ...

Hence, now this is a practical difficulty where a clarification is sought from Income tax department of how to disclose ...

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

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

there are other conditions prescribed under section 10(6)(vi) which needs to be fulfilled to get the above exemptions by foreign ...

Gifts received by HUF from its members are exempted from Income Tax under Section 56(2)(vii)/ 56(2)(x) of the act.

The new section mandates a person, who is responsible for paying to any person any income by way of winnings ...

However, is it correct that one could accept consideration in cash while selling house or land and there are no ...

By virtue of section 60, it can be said that in the above case since the income is transferred by ...

The income tax department has moved ICICI, Axis bank and other banks to e-filing website for making payment and hence ...

Representations have been received by the Board stating that Form No. 10A in some of such cases could not be ...

The report from an accountant required to be furnished under section 92E by every person who has entered into an ...

For rectifications in challans paid through online mode (internet challan), taxpayer may contact their concerned Assessing Officer (AO) of the ...

Now let us discuss about the intimation order u/s 143(1) of the Income Tax Act, wherein an intimation order is ...

he figures of Direct Tax collections for the FY 2022-23, as on 17.09.2022 show that net collections are at Rs. 7,00,669 crore, compared ...