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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...
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...
A joint venture is a strategic business arrangement in which two or more companies collaborate...
With the rising inflation rates and various other economic factors, wealthy Americans are incre...
Before approaching the new suppliers or any other third parties, you should always go for the v...
With the increasing landscape of Fintech Companies, it is increasingly vital that fintech compl...
This blog gives a detailed description through an audit report for industrial waste by examinin...
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