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Provisional attachment of property in India is given in Section 281 of the Income Tax Act, 1961. It specifically deals with everything related to the attac...
Many rules and regulations exist in the country relating to Income Tax Audits. Generally, a tax Audit is the process of verification and inspection of the...
The IT Act 1961 provides 5 heads of income but there are various incomes that don’t form a part of total income and the same are enumerated in section 10...
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...
NBFC provides loans, credit, and financial services like banks, but it does not have a full ban...
Alternative Investment Funds (AIFs) are a type of investment vehicle where money is invested ou...
Since the launch of Startup India in 2016, the startup world in India has undergone a major tra...
GIFT City is emerging as one of the most important finance and IT hubs in India. The vision of...
The Reserve Bank of India regulates the country's financial system and digital payment system....
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