income-tax

Income Tax

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Income Tax

Tax Benefits for Parents Under the Indian Income Tax Act

Discover tax benefits for parents in India under the Income Tax Act, including exemptions for education, health insurance, and medical expenses.

Income Tax

Uncovering Corruption: The Devendra Doctor Case and Its Implications

Devendra Doctor's case reveals corruption in the Income Tax Department, leading to a CBI investigation and uncovering illicit wealth.

Income Tax

CBDT Amendment to India-Spain DTAA: Taxation Changes for Royalties and Services

CBDT amends India-Spain DTAA for royalties and fees, capping taxes at 10%, enhancing business clarity and promoting economic relations from 2024-25.

Income Tax

Income Tax Raids Reveal Major Fraud in Haryana and Delhi-NCR Healthcare Sector

Income Tax Department conducts searches on healthcare providers in Haryana and Delhi-NCR, uncovering tax evasion and fraudulent practices.

Income Tax

Navigating Capital Gains Tax Exemptions for Home Purchases in Relatives' Names

This guide explores capital gains tax exemptions under Sections 54 and 54F, detailing court cases on asset ownership and tax implications for home purchases.

Income Tax

Supreme Court Ruling on Royalty Taxation: Key Insights for Taxpayers

The Supreme Court ruling clarifies royalty tax obligations for software payments in India, distinguishing between copyright sales and copyrighted goods.

Income Tax

Maximizing Tax Savings with Section 80JJAA Deductions for Employee Recruitment

Explore Section 80JJAA of the Income Tax Act, which allows businesses to claim a 30% deduction for hiring new employees over three years.

Income Tax

Understanding Intimation Under Section 143(1) of the Income Tax Act

Understand intimation under Section 143(1) of the Income Tax Act, 1961, including CPC adjustments, error rectification, and responses.

Income Tax

Tax Treatment for NRIs in Shipping: Understanding Section 44B

Explore Section 44B of the Income Tax Act, detailing tax treatment for NRIs in the shipping business, including deemed profits and recognized amounts.