Income Tax
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Income Tax
Jebon Corporation Case: High Court Rules Liaison Office as Permanent Establishment
Jebon Corporation's liaison office in India was deemed a permanent establishment, liable for taxes on business activities found beyond mere liaison work.
Income Tax
Deposit Limits for Self-Accounts and Minor Accounts Explained
Understand deposit limits for self-account and minor accounts; Rs. 1,50,000 cap, excess leads to no interest or tax benefits.
Income Tax
Understanding the Arm's Length Price Principle in Modern Taxation
The Arm's Length Price (ALP) optimizes business profits for tax purposes, rooted in historical principles and facing current relevance challenges amid global changes.
Income Tax
Understanding ITAT Ruling on Section 14A Disallowance in Century Real Estate Case
The blog analyzes ITAT Bangalore's judgment on Century Real Estate Holdings' appeal regarding disallowance under section 14A, emphasizing limits based on exempt income.
Income Tax
Who Must File Income Tax Returns for FY 2023-24: A Comprehensive Guide
Understand who must file Income Tax Returns for FY 2023-24, including companies, individuals, and residents, based on specific criteria.
Income Tax
ITAT Ahmedabad Quashes ₹10,09,750 Addition for Hitesh Purohit
Hitesh Purohit's appeal quashes a ₹10,09,750 tax addition under Section 69A, highlighting the importance of evidence in tax assessments.
Income Tax
Navigating India's Significant Economic Presence Tax Provisions for Non-Residents
Significant Economic Presence (SEP) expands India's tax on non-residents, defining income from digital activities, with new reporting requirements.
Income Tax
KSCAA Proposes Solutions to High-Pitched Tax Assessments in Karnataka
Karnataka's KSCAA outlines tax assessment challenges and proposes solutions to enhance fairness, reduce high-pitched penalties, and improve business conditions.
Income Tax
Understanding Section 194T: TDS Compliance for Partner Payments in Budget 2024-25
Budget 2024-25 introduces Section 194T TDS regulations for firm-partner payments, enhancing accountability and compliance in financial transactions.