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A new sub-section 1A is proposed to be inserted where the slab rates for an individual, HUF, AOP, BOI or an artificial juridical person under Section 115BAC for AY 2024-2025
The CBDT issued another Notification dated 12 December 2022 wherein the CBDT has relaxed the requirement of electronic filing of Form 10F..
A foreign company, non-resident in India may be taxed in India if it is operating through a Permanent Establishment in India.
Whether assessee is entitled to Section 54 exemption if investment made by date of filing belated/revised ITR?
In India, companies are taxed on their income depending upon their residential status. A company resident in India is taxed on its global income.
Hon. Finance Minister Mrs. Nirmala Sitharaman in her Annual Budget Speech introduced the concept of Updated Income Tax Return.
In recent times the provisions related to TDS has become tedious!! The government is taking initiatives to bring a widen the taxbase..
Taxation of individuals in India is primarily based on the number of days they have been in India during the relevant previous year..
S.37(1) of the Income Tax Act 1961 ('ITA') is a residual section. The section was introduced with an intent to enable the taxpayers claim expenditure..
The Income Tax Act 1961 ('ITA') provides for carry forward & set off of losses incurred in one financial year against the profits..
The Finance Act 2002 inserted the definition of PE under s. 92F(iiia) to include a fixed place of business through which the business..
TDS provisions have been prescribed in respect of residents as well as non-residents. Secon 195 of the Income Tax Act provides that any person...
A non - compete obligation is generally fulfilled by the payment of a fee or compensation generally called a non – compete fee.
