income-tax

income tax

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income-tax

Who Must File Income Tax Returns for FY 2023-24: A Comprehensive Guide

Understand who must file Income Tax Returns for FY 2023-24, including companies, individuals, and residents, based on specific criteria.

income-tax

ITAT Ahmedabad Quashes ₹10,09,750 Addition for Hitesh Purohit

Hitesh Purohit's appeal quashes a ₹10,09,750 tax addition under Section 69A, highlighting the importance of evidence in tax assessments.

income-tax

Navigating India's Significant Economic Presence Tax Provisions for Non-Residents

Significant Economic Presence (SEP) expands India's tax on non-residents, defining income from digital activities, with new reporting requirements.

income-tax

KSCAA Proposes Solutions to High-Pitched Tax Assessments in Karnataka

Karnataka's KSCAA outlines tax assessment challenges and proposes solutions to enhance fairness, reduce high-pitched penalties, and improve business conditions.

income-tax

Understanding Section 194T: TDS Compliance for Partner Payments in Budget 2024-25

Budget 2024-25 introduces Section 194T TDS regulations for firm-partner payments, enhancing accountability and compliance in financial transactions.

income-tax

Maximizing Partner Remuneration: TDS Changes for FY 2024-25

Learn about the new remuneration limits for partners and TDS requirements effective FY 2024-25 AY 2025-26 for partnership firms.

income-tax

Budget Proposals for Homebuyers: Tax Benefits and Real Estate Relief

The budget proposes extending tax benefits for homebuyers, enhancing deductions on home loans, and increasing tolerance limits on stamp duty discrepancies.

income-tax

Income Tax Raid Reveals ₹350 Crore in Unaccounted Funds in Delhi and Punjab

Income Tax Department's search in Delhi, Punjab, and West Bengal uncovers ₹350 crore in unaccounted funds and illicit financial activities.

income-tax

Tax Audit Exemptions for Businesses Under 10 Crore: Key Insights

Clarify tax audit requirements for businesses with turnover under Rs. 10 Crore, detailing exemptions and filing deadlines under Sections 44AB and 44AD.