Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to ...
The notification also allows the authorised Commissioner to delegate powers in writing to Additional or Joint Commissioners ...
T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961 ...
India’s upcoming tax law changes could redefine resident status for high-income diaspora. Learn how this reform increases global income tax risks and affects treaty benefits for overseas ...
Itsunori Onodera, chair of the LDP's Tax System Research Commission, said it was 'natural' to link the income tax threshold ...
A senior citizen successfully appealed to the ITAT Bangalore, securing partial relief in a tax dispute over the sale of a ...
The Central Board of Direct Taxes (CBDT) has issued new rules to streamline the correction of income tax refund errors. The ...
Bengaluru, to rectify obvious errors. This move aims to expedite the correction of accounting mistakes, reduce administrative ...
Explains how GST notices arise from transaction mismatches while Income Tax notices stem from income discrepancies and AIS/TIS data. Highlights the importance of timely responses and accurate ...
As established in Maxopp Investment Ltd. v. CIT (2018) 402 ITR 640 (SC), the AO must provide reasons before invoking Rule 8D ...
The CBDT has empowered the Income Tax Commissioner at Bengaluru's CPC to directly rectify assessment order mistakes under ...
Income tax notices can be stressful for salaried employees, but most are routine queries that can be resolved quickly. From ...