J&K Branch of the Northern India Regional Council (NIRC) of the Institute of Chartered Accountants of India (ICAI), in ...

The ITAT Ahmedabad ruled that the TDS threshold under Section 194IA applies to the payment made to each individual seller, not the total transaction ...

ITAT Chennai ruled that gold wastage during ornament manufacturing isn't considered a payment for making charges, so TDS under Section 194C is not ...

Under the law, the only overtime compensation that qualifies for the new deduction is the extra wages—the “half” of “time and ...

From INR-denominated contracts to all-in-one suites, these platforms are revolutionising derivatives access for Indian ...

A simple step-by-step guide for homemakers to file their tax return where they have investment income, rather than salary.

The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...

A salaried employee who under-reported half his income due to misreporting by his CA, walked free from a Rs 1.4 lakh tax ...

Cryptocurrencies are categorised as virtual digital assets In India are taxed at 30 percent as per Section 115BHH of the I-T ...

India maintains its 30% crypto tax and refuses approval for Bitcoin ETFs, leaving the sector facing major roadblocks.

The Indian government has formally confirmed that no changes will be made to its existing crypto taxation regime, ...

TDS On Rent: A tenant received the tax penalty of Rs 1 lakh by the income tax department despite paying a regular Rs 55k rent ...