Discover an eye-opening case study about a taxpayer's experience with Section 133 (6) of Income Tax Act, 1961. Learn lessons on handling tax notices effectively....
Non-Banking Financial Companies (NBFCs) play a crucial role in providing financial support to businesses. However, what many businesses may not realize is that there are Tax Deducted at Source (TDS) obligations associated with interest payments made to NBFCs. This article explores Section 194A of the Income Tax Act, shedding light on the ...
Learn about date of acquiring a new property and its impact on capital gain tax exemption under Section 54 of Income Tax Act. Explore legal cases and guidelines....
1 अक्टूबर 2023 से टीसीएस के नियमों में हुए बदलावों का प्रभाव। नए नियमों के तहत विदेश में खर्च और लेनदेन पर टीसीएस का प्रभाव और उनकी वि...
Read about Supreme Court's decision in US Technologies case regarding TDS penalty under Section 271C of Income Tax Act, 1961, for delayed remittance....
Learn about revised TCS rates on foreign remittance effective October 1, 2023. Discover what expenditures are affected, exemptions, and key details....
Learn about Form 10BB applicability for trusts, including disclosure requirements like commencement of activities, bookkeeping, and donation reporting, with penalties for non-compliance....
Proposed reforms in tax procedures: shorten rectification processing time, allow partial payment for appeals, and streamline collection stay requests....
The deadline to file Belated return is December 31, 2023, providing taxpayers with a second chance to meet their tax obligations if they missed the original due date. This extension comes as a welcome relief for individuals and businesses who, for various reasons, were unable to file their returns on time....
CBDT notification amending Rule 11UA for Angel Tax. Learn about new valuation methods, safe harbor, and implications for equity shares and CCPS....