ITAT Kolkata ruled that filing Form 67 for Foreign Tax Credit (FTC) under DTAA is procedural, not mandatory. Read key takeaways from Timirbaran Mazumder vs. DCIT.
CBDT notifies Income Tax (Sixth Amendment) Rules, 2025, introducing safe harbour rules for assessment year 2025-26. Full details of amendment provided.
India imposes anti-dumping duty on acrylic solid surfaces from China, following findings of material injury to domestic industry.
The Government of India has discontinued Medium and Long Term Government Deposits under the Gold Monetization Scheme from March 26, 2025. Learn more about the update.
Companies must report delayed payments over 45 days to MSMEs in a half-yearly return to the Ministry of Corporate Affairs under MSME Act, 2006.
Many taxpayers who have claimed an HRA deduction exceeding ₹5 lakh in their income tax returns have received an email from the Income Tax Department this Sunday requesting them to verify the HRA claims for the past three years because no TDS on rent payments has been made by the assesse u/s 194IB.
Bank Audit Manual 2024-25 with editable Excel formats. Explore key updates, Break Even Date for NPA, LFAR key checks, Bank Audit Report Format and crucial audit checks for a comprehensive understanding of bank auditing.
Key areas for Bank Branch Audit 2024-25, covering statutory reports, loan audits, NPA guidelines, compliance, cyber fraud impacts, and financial reconciliations.
Confused about TDS on rent? Understand Section 194-IB, its implications, penalties, and solutions to rectify non-compliance. Find out the right steps to take.
