Income Tax
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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.
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.