Income Tax
The Income Tax Appellate Tribunal has granted relief to SGS India by ordering a refund of excess Dividend Distribution Tax and capping the rate …
Income Tax
Section 44ADA offers presumptive taxation for professionals, simplifying compliance by allowing them to declare 50% of gross receipts as income. Here's everything you need …
Income Tax
The Income Tax Department has made foreign asset information accessible through the compliance portal, allowing taxpayers to view and verify their overseas holdings directly …
Income Tax
The government is set to introduce five significant bills during the Monsoon Session of Parliament, covering areas from income tax reforms to MSME sector …
Income Tax
Union Finance Minister Nirmala Sitharaman has launched PRARAMBH 2026, a comprehensive initiative aimed at transforming India's tax administration and enhancing taxpayer services ahead of …
Income Tax
E-verification is the final step to complete your income tax return filing. Here's why timely verification matters and how to do it using six …
Income Tax
The government plans to introduce the Income-tax (Amendment) Bill during the upcoming Monsoon session of Parliament, replacing an earlier ordinance with permanent legislative changes …
Income Tax
The Income Tax Department has expanded the Annual Information Statement to include foreign asset details spanning three calendar years, enhancing transparency and compliance tracking …
Income Tax
The Karnataka High Court has clarified that income tax orders are not automatically invalid if the Document Identification Number is communicated through a separate …