The Income Tax Appellate Tribunal was constituted on 25 January 1941 on the basis of Section 5A of the Income Tax A...
Continue ReadingTo provide considerable relief to individual taxpayers, the Finance Ministry has proposed the whole new tax regime...
Continue ReadingThere are legitimate ways to save your tax under Income Tax Act, 1961. Income Tax liability on an income is calcula...
Continue ReadingForm 10BA is a statement as recorded by the taxpayer who needs to maintain tax deduction under Section 80GG[1] for...
Continue ReadingThe Central Board of Direct Taxes issued Form 10-IB for Start-Ups allowing them to choose for a more economical tax...
Continue ReadingAn income earned, or profit derived from commercial production of agricultural land covered in an agricultural inco...
Continue ReadingThe Board in pursuance of the Taxation & Other Laws (Relaxation & Amendment of Certain Provisions) Act 2020...
Continue ReadingThe Karnataka HC in a recent judgement held that “just” insufficiency in an enquiry or inadequacy of evidence o...
Continue ReadingThe Central Board of Direct Taxes has the power conferred upon them by Income Tax Act. Section 295(1) of Income Tax...
Continue ReadingIndividuals who reap income by any means ought to pay income tax without any exception. Since it is a mandatory req...
Continue ReadingThis Notification has come into force on a date of publication in an Official Gazette which was on 1st Oct, 2020. I...
Continue ReadingA Trust is an institution or association that is formed to provide or assist in the development of ecosystem, monum...
Continue ReadingThe order has been issued by CBDT (Central Board of Direct Taxes) in F.No. 225/136/2020/ITA.II dated 31.08.2020 in...
Continue ReadingThe Madras HC allowing the appeal in favor of the revenue board, held that the striking of the Company Name from th...
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