income-tax

Income Tax

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Income Tax

Standard Operating Procedure for Income Reassessment of Sugar Co-operatives

Standard Operating Procedure for income reassessment of co-operative sugar societies issued by CBDT to ease tax disputes related to sugar pricing.

Income Tax

Updated Compounding Guidelines for Income Tax Offences: Key FAQs and Changes

CBDT's updated guidelines simplify compounding offences under the Income Tax Act, allowing all offences to be compounded effective October 2024.

Income Tax

Indonesia's 2024 Taxation Framework: Key Updates for Individuals and Corporations

Indonesia's 2024 taxation framework details individual and corporate tax policies, rates, and deductions, emphasizing compliance and growth.

Income Tax

TDS Deductions for Property Purchases from NRIs: A Comprehensive Guide

TDS for property purchases from NRIs needs to be deducted at 12.5% effective July 23, 2024. Compliance with Income Tax and FEMA is essential.

Income Tax

E-Tax Payment Made Easy: Authorized Banks and Step-by-Step Guide

E-tax payment guide for taxpayers: authorized banks, online payment processes, and checklist for a smooth transaction.

Income Tax

Income Tax Searches in Tamil Nadu's Film Industry: Key Findings and Implications

Income Tax searches in Tamil Nadu revealed unaccounted income, concealed assets, and significant tax evasion in the film industry, exceeding Rs. 200 crore.

Income Tax

Issuance and Authentication of TDS Certificates: A Guide to Form No. 16A

Learn about the issuance and authentication of TDS certificates in Form No. 16A under CBDT Circular No. 03/2011 for tax compliance.

Income Tax

Trust Expenditure Offsets: ITAT Ruling in DCIT vs. Shree Bhartimaiya Memorial Foundation

This blog analyzes the ITAT Ahmedabad case on whether a trust can offset prior years' excess expenditure against future income under Section 11.

Income Tax

How to File Form 10F for Double Taxation Avoidance in India

Learn about Form 10F and TRC requirements for non-residents to claim DTAA benefits in India, ensuring compliance and avoiding double taxation.