Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax audit on income tax.
Income Tax : Learn about the block assessment scheme in income tax, its key features, and how it impacts search and seizure cases under the Fin...
Income Tax : Learn about clubbing of income under Indian tax law. Understand how income transfers to family members can affect your tax liabili...
Income Tax : Circular No. 09/2024 raises monetary limits for tax appeals, promoting efficiency in the income tax system while ensuring focus on...
Income Tax : Modern fiscal rules have expanded KMP's responsibilities beyond tax compliance, requiring careful navigation of complex legal land...
Income Tax : Learn about taxation on derivatives and F&O transactions, their treatment as business income, audit requirements, and presumptive ...
Income Tax : Join our webinar on TDS amendments from Budget 2024 and learn their impact on tax audits, filing procedures, and compliance....
Income Tax : Tax professionals face technical issues on the Income Tax portal, hindering tax audit report submissions before the 30th Sept 2024...
Income Tax : As of September 17, 2024, direct and advance tax collections show significant growth compared to the previous fiscal year....
Income Tax : KSCAA requests review of incorrect TDS credit processing by CPC Bengaluru for AY 2024-25 and urges system corrections and resoluti...
Income Tax : The CBDT launches the e-Dispute Resolution Scheme, 2022 to reduce tax litigation, offering eligible taxpayers a streamlined proces...
Income Tax : Delhi High Court clarifies taxability of profits attributed to a Permanent Establishment (PE) under the India-UAE DTAA, even when ...
Income Tax : Tata Sons challenges incorrect interest calculation on refunds under Section 244A. ITAT Mumbai directs reassessment of refund and ...
Income Tax : ITAT Bangalore held that confirmation not containing PAN cannot be reason for addition as the confirmations were available with th...
Income Tax : ITAT Bangalore held that filing of form 10B is only directory and the same is not mandatory. Hence denial of exemption under secti...
Income Tax : ITAT Bangalore held that delay in filing of an appeal due to election code of conduct and ill health of staff is sufficient cause ...
Income Tax : Direct Tax Vivad Se Vishwas Scheme 2024 comes into effect on October 1, 2024, per Notification No. 103/2024 from the Ministry of F...
Income Tax : Notification 102/2024 designates Auroville Foundation as an approved institution for social science research under the Income Tax ...
Income Tax : CBDT raises monetary limits for tax appeals: Rs. 60 lakh for ITAT, Rs. 2 crore for High Court, and Rs. 5 crore for Supreme Court, ...
Income Tax : New CBDT instruction outlines updated procedures for internal audit objections, emphasizing accountability, compliance, and effici...
Income Tax : Chennai’s Advanced Manufacturing Technology Development Centre approved for tax benefits under Income Tax Act section 35(1)(ii) ...
ITAT Delhi held that agriculturist are not required to maintain books of accounts as provisions of section 44AA of the Income Tax Act. Accordingly, exemption claim u/s. 10(1) allowed.
Bombay High Court held that entire process of according sanction under section 151 of the Income Tax Act for initiation of reassessment granted in a mechanical manner without application of mind is unjustified and hence reassessment proceedings quashed.
Section 43B(h) mandates timely payment to MSMEs for tax deduction eligibility. Delayed payments will only be deductible after actual payment is made.
Bombay High Court invalidates reassessment notice under Section 148 due to non-compliance with faceless scheme as per Section 151A of the Income Tax Act
The Allahabad High Court quashes GST penalty on Spirare Energy due to a minor E-Way Bill error. No evidence of tax evasion was found. Refund ordered within a month.
ITAT Chandigarh ruled on Ashish Sood Vs DCIT case, deciding whether Foreign Tax Credit is eligible when Form 67 is filed after due date but before assessment.
Madras HC sets aside rejection of Foreign Tax Credit claim by PCIT, directing reassessment considering Kenya income for AY 2019-20. No costs awarded.
Learn about Commodities Transaction Tax (CTT), its scope, rates, and objectives. Explore the 2024 updates and comparison with Securities Transaction Tax (STT).
Explore faceless assessment, reassessment, and recomputation under the Income Tax Act, as per Finance Act 2021, and related judicial precedents for compliance and litigation.
In this article, we will analyse position of composite contract that is being taken into account regarding taxability of offshore services in India.
