ITAT Chandigarh held that disallowance for late deposit of employees’ share of PF/ ESI contribution to relevant funds beyond prescribed due date under respective Act is duly sustainable in law.
In this article, we will delve into the intricacies of income tax calculation for senior citizens. We will explore the tax-free amount for senior citizens, the tax slabs applicable in 2023, and provide useful tips on how senior citizens can reduce their income tax burden.
Explore challenges faced by investors in claiming IEPF refunds. Lack of awareness, complex procedures, and coordination issues persist. Learn how to overcome these challenges for a smooth refund process.
Explore SEBI Circulars from the first fortnight of May 2023, covering amendments and directives for issuers, stock exchanges, and market infrastructure institutions. Stay informed on regulatory changes.
ITAT Hyderabad held that when there was an apparent mistake in the order of the AO in accepting the returned income instead of substituting the same with the assessed income there was an apparent error rectifiable under section 154 of the Income Tax Act.
Floating Rate Savings Bonds (FRSB) have garnered attention as their interest rates are set to increase in July 2023. With historical returns serving as a guide, let’s explore the potential trends and whether these bonds can provide higher yields in the future.
ITAT Mumbai held that amount cannot be treated as unexplained and accordingly addition u/s 69A of the Income Tax Act unsustainable as amount duly recorded in books of account and offered to tax as professional fees.
A tripartite agreement is a legal document or contract involving three parties. It establishes the rights, obligations, and responsibilities of each party involved. Tripartite agreements are commonly used in various contexts, such as real estate transactions, construction projects, and financial arrangements.
ITAT Pune held that no proper justification offered by the assessee in respect of difference of turnover reported in audit report and ITR. Accordingly, addition towards the said difference sustained.
Explore simplified provisions of E-Way Bill system under CGST Act. Understand rules, procedures, and compliance. Get insights into the E-Way Bill’s 5th anniversary journey, covering over 353 crore bills. Learn about E-Way Bill generation, validity, exceptions, and blocking scenarios. Stay compliant with E-Way Bill regulations.
