Income Tax
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Income Tax
Tax Obligations for NRIs Selling Property in India: A Complete Guide
NRIs selling property in India must navigate TDS, repatriation rules, and tax treaties. Key insights include TDS rates, fund transfer processes, and capital gains tax savings through bonds.
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
Maximizing Tax Benefits: Understanding Section 24 of the Income Tax Act
Learn about Section 24 of the Income Tax Act, 1961, key deductions for homeowners, and how to optimize tax benefits from home loans.
Income Tax
Understanding India's Faceless Assessment: Enhancing Tax Transparency and Efficiency
Faceless Assessment under Section 144B of the Income Tax Act improves tax assessment transparency, efficiency, and fairness through digital processes.
Income Tax
Comprehensive Guide to Securities Transaction Tax (STT) in India
Learn about Securities Transaction Tax (STT) in India, its rates, applicability to securities, and tax implications for investors.
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
Understanding Minimum Alternative Tax (MAT) Under Section 115JB: A Comprehensive Guide
Minimum Alternative Tax (MAT) ensures companies pay taxes on book profits despite exemptions. Learn MAT rates, calculations, and compliance requirements.
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.