income tax
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income-tax
Tax Implications and Audit Requirements for Futures and Options Trading
Learn about the tax implications and audit requirements for Futures and Options trading under Section 44AB. Understand when audits are necessary.
income-tax
How to File an Updated Tax Return with Form 139(8A) and Resolve JSON Issues
Submit an updated tax return using Form 139(8A) on the Income Tax Portal, resolving JSON file generation issues with .NET Framework 3.5.
income-tax
Tax Obligations of Cooperative Credit Societies Under Section 80P Explained
Cooperative credit societies may claim tax deductions under Section 80P, avoiding classification as cooperative banks. Key definitions and legal frameworks are discussed.
income-tax
New CBDT Guidelines for Issuing Notices Under Section 148 of Income Tax Act
New CBDT guidelines for Section 148 notices under the Income Tax Act enhance transparency and compliance, detailing procedures and approvals for tax assessments.
income-tax
Reduced Tax Rate Benefits for New Manufacturing Companies in India
Government reduces tax rate to 17.16% for new manufacturing companies in India, aiding SMEs. Eligible firms must meet specific criteria.
income-tax
Understanding Salary Arrears and Tax Relief Under Section 89(1)
Learn about salary arrears, their taxation under Section 15(c) of the Income Tax Act, and tax relief available through Section 89(1).
income-tax
Patna HC Orders ₹2 Lakh Compensation for Victim of Custodial Torture
Patna HC orders ₹2 lakh compensation for custodial torture victim; emphasizes accountability and legal rights against police brutality.
income-tax
Karnataka High Court Upholds Tribunal Ruling on Waterline Hotels' Share Premium Valuation
The Karnataka High Court upheld the Tribunal's ruling favoring Waterline Hotels on share premium valuation, dismissing the Revenue's appeal against ₹33.71 crore addition.
income-tax
Bombay High Court Ruling: Validity of Tax Reassessment Beyond Four Years
The Bombay High Court ruled on the validity of reassessment proceedings beyond four years, emphasizing the need for evidence of non-disclosure by the taxpayer.