Income Tax
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Income Tax
Delhi Tribunal Ruling on Perquisite Valuation and Tax Default
Delhi Income Tax Tribunal rules that reliance on the Taxman’s Reckoner for perquisite valuation protects assessees from default penalties.
Income Tax
Understanding the DCIT Vs Ferrero India Pvt. Ltd. Transfer Pricing Case
DCIT vs Ferrero India Pvt. Ltd. case analyzes international transaction definitions, A&M expenses, and burden of proof for tax regulations.
Income Tax
TDS-TRACES Challenges After Aadhaar-PAN Linking: Issues and Solutions
Taxpayers in India face issues with TDS-TRACES following Aadhaar-PAN linking, including unjustified TDS demands, stress, and inadequate grievance redressal.
Income Tax
Gujarat High Court Ruling on Procedural Fairness in Tax Assessments
Gujarat High Court quashed tax orders in Pratul Shroff vs DCIT, emphasizing procedural fairness and the principles of natural justice in assessments.
Income Tax
Income Tax Department Uncovers Rs. 70 Crore Fraud in Karnataka Construction Group
Income Tax Department's search in Karnataka revealed unreported income over Rs. 70 crore linked to a construction group’s fraudulent activities.
Income Tax
Automatic Income Tax Calculator for FY 2022-23 and FY 2023-24
Simplify your tax calculations for FY 2022-24 with our Automatic Excel Calculator, featuring Salary Statements, Computation Sheets, and Form-16.
Income Tax
Gayatri Sewa Sansthan vs DCIT: ITAT Delhi Ruling on Loan Creditor Evidence
ITAT Delhi ruled that the assessee must provide evidence for loan creditor identity and transaction legitimacy. Case remitted for further assessment.
Income Tax
Income Tax Guidelines for Non-Residents and Residents in India
Discover key income tax provisions for non-residents and residents in India. Essential for international business compliance and transactions.
Income Tax
Understanding Residential Status in Indian Income Tax Law
Understanding residential status in Indian income tax law is crucial, affecting income tax liability for residents, RBNOR, and non-residents.