income tax
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income-tax
Understanding TDS on Goods Purchase vs. TCS on Goods Sale
Understand TDS on Purchase of Goods (Section 194Q) and TCS on Sale of Goods (Section 206C(1H) for compliance and tax rates.
income-tax
Income Tax Department Clarifies Mismatch Issues for Taxpayers in 2024
The Income Tax Department of India clarifies mismatches between reported interest income in ITRs and third-party data, streamlining the verification process.
income-tax
Understanding Section 270A Penalties for Income Tax Compliance
Understand Section 270A penalties for underreporting and misreporting income under the Income Tax Act, 1961, to avoid hefty fines.
income-tax
International Transactions and Indian Tax Compliance: A Guide for Businesses
Explore key Indian tax compliance for international transactions, focusing on import/export, taxation laws, residency, and transfer pricing strategies.
income-tax
ITAT Ahmedabad Rules Favorably on Abhaykumar Sevantilal Sanghavi's Tax Appeals
The ITAT Ahmedabad ruled in favor of the assessee, deleting unjustified additions under Section 68 and disallowing interest expenses in a tax case.
income-tax
Bangalore Income Tax Grievance Redressal: Submission Process and Contacts
The CPC Bangalore Income Tax Department offers a structured grievance redressal process for timely resolution via multiple submission channels.
income-tax
Notification No. 106/2024: Enhancing Social Welfare Scheme Efficiency in Odisha
Notification No. 106/2024 enhances social welfare schemes in Odisha by designating OCAC to access income tax data for beneficiary verification.
income-tax
Understanding Undisclosed Sources of Income and Tax Implications
Undisclosed sources of income face a 78% tax rate. Learn to avoid pitfalls in income reporting to maintain tax compliance.
income-tax
Essential Guide to Applying for PAN: Eligibility, Requirements, and Process
Learn about who needs to apply for a PAN, how to fill out Form 49A, verification requirements, and submission details for quick PAN issuance.