All You Need To Know About Sections 197 And 197A of the...
Sections 197 and 197A of the Income Tax Act talk about the lesser rate of TDS or NIL TDS. According to these sections, the individual can apply for an exem...
Sections 197 and 197A of the Income Tax Act talk about the lesser rate of TDS or NIL TDS. According to these sections, the individual can apply for an exem...
Section 156 of the IT Act provides that in cases wherein any penalty, fine or any other sum is required to be paid as per this Act, the AO must...
The Income Tax Department is vested with the power to examine the authenticity of the income tax return filed by the assessee, which the department does th...
Compliance with income tax laws is an obligation for every assessee. Any leniency or ignorance in respect of the same can lead to the initiation of the req...
ITAT Ahmadabad pronounced a judgement on 28-09-2022 in the case titled Mansha Textile Pvt. Ltd. Vs ITO observing that the rental income does not...
Taxation ideas such as the Minimum Alternate Tax (MAT) and Alternative Minimum Tax (AMT) are relevant to both corporations and tax-paying individuals. The...
On 20th December 2022, the Income Tax Appellate Tribunal Mumbai pronounced a judgement in the case titled ACIT Vs Triple Securities Pvt. Ltd against the ap...
The ITAT Bangalore pronounced a judgement on 19th December 2022 in case titled M/s Mindtree Ltd Vs DCIT in respect of the cross-appeals against the order o...
Residential status is vital to determine the taxability of an individual in India for any particular financial year. The term residential status has been p...
According to the basic rule of the Income Tax Act 1961, the assessee must pay tax on income except in cases it is specifically non-taxable. The income on w...
Dividend is a crucial source of income for stock investors over the long term, and one of the ways in which such dividend is paid out is through stock divi...
In a landmark case of BBC World Distribution Ltd. vs ADIT, 2022, the Delhi ITAT has reiterated that any revenue earned by BBC through distribution of news...
