Income Tax
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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.
Income Tax
Impact of Union Budget 2022 on Foreign Dividend Taxation in India
The Union Budget 2022 introduces a tax amendment, ending concessional rates on foreign dividends, impacting Indian companies' outbound investments and tax strategies.
Income Tax
Understanding Section 115BAC(6): Opting Out of the New Tax Regime
Overview of Section 115BAC(6) on opting out of the New Tax Regime, including withdrawal conditions and implications for taxpayers.
Income Tax
Finance Bill 2024: Key Changes to Section 56 Taxation on Share Premium
The Finance Bill 2024 amends Section 56 of the Income-tax Act to eliminate tax on share premiums for private companies from April 1, 2025.
Income Tax
Bihar Human Rights Commission's Findings on Rajendra Singh Case
Bihar Human Rights Commission finds Rajendra Singh's rights violated during an Income Tax raid, highlighting abuses and calls for compensation.
Income Tax
Income Tax Survey Reveals Over Rs 8 Crore in Unaccounted Cash in Chandigarh
Income Tax survey in Chandigarh reveals over Rs 8 crore unaccounted cash across three businesses, emphasizing the need for financial compliance.
Income Tax
CBDT Notification: Extension for Processing Delayed Tax Returns
The Central Board of Direct Taxes addresses processing delays for valid returns up to 2017-18, easing refund claims for taxpayers.
Income Tax
Claiming Deductions Under Section 80TTA of the Income Tax Act 1961
Learn about Section 80TTA of the Income Tax Act, allowing individuals and HUFs to claim deductions on savings account interest up to ₹10,000.
Income Tax
Tax-Free Income Sources: Maximize Your Earnings Legally
Discover tax-free income sources like inherited wealth, wedding gifts, and life insurance claims to minimize tax liabilities effectively.