The introduction of Section 194O in the Income Tax Act, 1961 for e-commerce transactions, has created certain overlaps with Section 194H, which deals with TDS on commission income. This article explores the interplay between these two sections and clarifies when and whether TDS should be deducted.
ITAT Pune rules that late filing of Form 67 does not bar foreign tax credit under Section 90. Read about the case of Shashank Sadashiv Karkare vs. ITO.
Finance Bill 2025 limits tax loss carry-forward under Section 72A to 8 years from the original assessment year. Learn about its impact, ambiguities, and challenges.
Managerial overconfidence can lead to risky corporate investments. Proper accountability and Board oversight are essential to mitigate impulsive financial decisions.
The Ministry of Finance has notified the implementation dates for specific provisions of the GST Amendment Rules, 2024. Key rules take effect from Feb & Apr 2025.
ICAI Disciplinary Committee finds CA not guilty in INC-22A certification case, citing due diligence and lack of evidence of misconduct.
Learn how dividends work in the Indian stock market, including ex-dividend and record dates, types of dividends, stock price impact, and tax implications.
ITAT Ahmedabad sets aside CIT(A)’s dismissal of appeal due to non-appearance, directing fresh consideration with a proper hearing for the taxpayer.
ITAT Bangalore remits the case of Gold Palace Jewellers back to CIT(A) for fresh consideration, citing a 4-year delay and lack of proper hearing opportunities.
ITAT Pune confirms CIT’s order under Section 263, finding errors in reassessment proceedings for Gourishankar Education Society. Appeals for AYs 2013-14 & 2014-15 dismissed.
