CBDT inserts Rule 16D & Form No. 56F -Report for claiming section 10AA deduction vide Notification No. 91/2023-Income Tax dated: 19th October, 2023.
In a crucial ruling, ITAT Chennai allows Section 54F deduction for a new residential property purchase, clarifying tax implications. Learn more in this detailed analysis.
CESTAT Chennai directs re-adjudication in eShakti.com’s case concerning eligibility for refund/rebate under Notification No. 41/2012-S.T. Detailed analysis and implications.
ITAT acknowledged that individuals like the appellant, often women with limited income sources, should be spared from the strenuous process of income tax assessments, especially when dealing with small amounts.
In the case of Hariyana Trading Co. vs. State of Bihar, Patna High Court grants stay on demand if 20% is deposited, considering the non-constitution of the Tribunal.
Discover the legal proceedings in the case of M/s Sainath Clearing Agency, where the CESTAT Mumbai revokes a customs broker license and imposes a penalty, offering insights into the disciplinary actions against customs brokers
Government of India authorizes the export of Non-Basmati White Rice to Nepal, Cameroon, Cote d’ Ivore, Republic of Guinea, Malaysia, Philippines, and Seychelles.
Discover the simplicity of Presumptive Taxation for small businesses! Unraveling Sections 44AD, 44ADA, and 44AE of the Income Tax Act, this article explains how this streamlined approach eases tax complexities, benefits small businesses, and simplifies the filing process. Learn about eligibility criteria, computation methods, and the potential impact of opting in or out. Simplify your tax journey with Presumptive Taxation.
Learn how to correct errors in Form 26QB for TDS on property sales. Find out what can be amended, who’s eligible, and submission process. Expert tips inside.
Read about IRDAI’s new directive making IMT-29 coverage compulsory for employees in private car policies, ensuring better protection for accident victims.
