Income Tax News

having regard to the maximum amount receivable by its employees as cash equivalent of leave salary in respect of the...

The Partner has to give consent for payment of fees by the Firm through his login on SSP. Click “Pay...

CBDT has issued a circular no. 06 of 2023 Dt. 24.05.2023 for providing clarification in relation to various matters of...

The new section mandates a person, who is responsible for paying to any person any income by way of winnings...

Rule 11UA currently prescribes two valuation methods with respect to valuation of shares namely, Discounted Cash Flow (DCF) and Net...

Further, Finance Act, 2023 has made amendment in Income tax act to increase the rate of TCS from 5% to...

If you wish to get your Income tax return filed by our experts at Taxontips you can book your slot...

Disposal of applications for condonation of delay and grant of exemptions under certain sections of the Income Tax Act, 1961

If you wish to get your Income tax return filed by our experts at Taxontips you can book your slot...

Hence, it can be concluded that person carrying on speculative business such as intra day trading are also eligible for...

For the reasons give above, we hold that where dividend is declared, distributed or paid by a domestic company to...

Section 194-IA deals with the deduction of tax in case of purchase of property where the amount of consideration exceeds...

Bogus expenditure booked in this way by these beneficiary business entities, could be to the tune of about Rs 1,000 crore.

Cost inflation index has been announced for F.Y. 2023-24 at 348 and for previous FY 2022-23 it was 331.

However, this tax rate has now been increased to 20%+surcharge+cess which is double than what it was before. This amendment...