Introduction Tax Deducted at Source (TDS) is a crucial mechanism for collecting taxes at the point of income generation. The Indian government frequently revises TDS provisions to streamline tax collection, increase compliance, and reduce the tax burden on individuals and businesses. This article highlights the latest updates in TDS for 2025, including revised threshold limits, […]
Supreme Court clarifies the applicability of TOLA to reassessment notices under the Income Tax Act, addressing the interplay with Finance Act, 2021.
Penny stocks, often associated with small, illiquid companies, have been a subject of concern due to their susceptibility to price manipulation. The Income tax Act, 1961, contains provisions such as Section 68 (Unexplained Cash Credits) and Section 10(38) (Exemption on Long Term Capital Gains LTCG) to prevent tax evasion through sham transactions involving these stocks.
