ITAT Amritsar removes Rs. 4.72 lakh income addition for senior citizen, citing accumulated cash for emergencies. Overturns CIT(A) decision on bank deposit.
Learn how tenants can claim refunds for excess TDS deducted on rent under Section 194-IB of the Income Tax Act. Follow a detailed guide from TRACES for filing refund requests and ensuring compliance with updated TDS rates effective from October 2024.
Upcoming bank nomination reforms allowing multiple nominees may complicate deposit claims, creating issues for heirs and banks unless key legal and practical challenges are addressed.
