Income Tax
Learn how to grow your business with our expert advice.
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
Income Tax Assessment for AOPs and BOIs: AY 2024-2025 Guide
Overview of Income Tax Assessment for AOP and BOI for AY 2024-2025, focusing on deductions, tax rates, and recent amendments from Finance Act 2023.
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.