income-tax

Income Tax

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Income Tax

Karnataka High Court Upholds Tribunal Ruling on Waterline Hotels' Share Premium Valuation

The Karnataka High Court upheld the Tribunal's ruling favoring Waterline Hotels on share premium valuation, dismissing the Revenue's appeal against ₹33.71 crore addition.

Income Tax

Bombay High Court Ruling: Validity of Tax Reassessment Beyond Four Years

The Bombay High Court ruled on the validity of reassessment proceedings beyond four years, emphasizing the need for evidence of non-disclosure by the taxpayer.

Income Tax

India's CBDT Achieves Record 125 Advance Pricing Agreements in 2023-24

CBDT signed 125 Advance Pricing Agreements in FY 2023-24, enhancing tax certainty and supporting multinational enterprises in India.

Income Tax

Comprehensive Guide to Effective Budgeting for Families and Businesses

Learn the importance of budgeting for families, businesses, and governments. Master budgeting principles for financial stability and growth.

Income Tax

Understanding Section 139(8A): Updated Returns Under Income Tax Act

Learn about updated returns under Section 139(8A) of the Income Tax Act, including filing rules, deadlines, exclusions, and tax implications.

Income Tax

A Complete Tax Refund Guide for Taxpayers: Eligibility and Process Explained

A comprehensive guide for taxpayers on claiming tax refunds, eligibility conditions, processes, and associated interests under the Income Tax Act.

Income Tax

UAE's New Corporate Tax: Key Changes and Impacts for Businesses

UAE introduces a corporate tax on business earnings, shifting from a tax-free haven. The tax will impact businesses from July 2023 or January 2024.

Income Tax

The Crucial Role of Accurate Income Tax Return Filing for Tax Compliance

Ensure accurate Income Tax Return filing to avoid high tax rates on unexplained income under Sections 69, 69A, 69B, and 69C.

Income Tax

Tax Deduction Eligibility: ITO vs Siddasiri Pattin Souharda Society

The ITAT ruling on ITO vs. M/s. Siddasiri Pattin clarifies tax deduction eligibility for societies, emphasizing mutuality in credit activities.