Can you claim tax deduction for electoral bonds bought before the SC verdict; Know Here
The Supreme Court (SC) decision on electoral bonds has put hundreds of taxpayers who have used these instruments to make […]
Income Tax, News
News
Income Tax, News
LIC gets tax refund of Rs 21,741 crore from Income Tax department
Life Insurance Corporation of India (LIC) on Friday announced a tax refund worth Rs 21,740.77 crore from the Income Tax Department
IBBI, News
Boosting real estate recovery: IBBI launches ‘project-wise resolution’ initiative
Insolvency regulator IBBI has given a boost to the real estate sector with the introduction of the concept of ‘project-wise’
Income Tax, News
Electoral bonds scrapped: Tax relief will be applicable for FY24, says report
In a landmark judgment earlier this week, the Supreme Court on Thursday scrapped the electoral bonds and termed them as
Central Excise - 2023, News
Government marginally raises windfall tax on domestic crude oil
The Union Ministry of finance has increased the windfall tax on the sale of domestic crude oil marginally to ₹3,300
Income Tax, News
Income Tax Department Issues Notices to Taxpayers for Donations to Unrecognized Political Parties: Suspected Tax Evasion Under Scrutiny
The Income Tax Department has issued notices to numerous taxpayers who have contributed to political parties that are registered but
News
SC strikes down electoral bonds scheme, directs bank to stop issuance of bonds; 5 key highlights of the judgment
The Supreme Court on 15 February pronounced its verdict on a batch of petitions challenging the validity of the Electoral
Income Tax, News
Insurance agents got extra Rs 25,000 crore via benami companies: Income Tax Dept
Over Rs 25,000 crore changing hands in deals involving more than 60 intermediary firms using hundreds of bank accounts mark
MSME, News
Govt did not announce any relaxation for the implementation of section 43 b(h) of the Income Tax Act
A social media post claims that the government has granted relief to business entities by extending the implementation of section 43 B(h)
Income Tax, ITAT, News
Delhi ITAT Grants Relief to NRI Home Buyer from Income Tax on Rs 40.45 Lakh Due to Delayed Registry
The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has ruled in favor of a non-resident Indian (NRI) in a