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ITAT: TDS Credit Can Be Claimed in the Year Income Reported and Can’t Be Carried Forward to Subsequent Years

In a significant case, DCIT vs Cicon Engineers Private Limited, the Income Tax Appellate Tribunal (ITAT Bangalore) delves into the intricate relationship between Tax...

Implementation of e-Verification Scheme-2021: Reconciliation of Taxpayer Income Information

The Income Tax Department has rolled out the e-Verification Scheme-2021 to address discrepancies between third-party data on interest and dividend income and taxpayers' filed...

Income Tax: 5 High-value Cash Transactions May Attract I-T Notice

In the world of income tax, the belief that cashless transactions evade scrutiny has led to misconceptions. However, the Income Tax Department closely monitors...

‘Cheese’ Confusion: McDonald’s Forced to Revamp Labels in Maharashtra

McDonald's in Ahmednagar, Maharashtra, faced a controversial situation after the Food and Drug Administration (FDA) revoked their license for misleading customers. The outlet used a...

From Stockholding to Fishing Rights: India’s Agenda at WTO

At the 13th Ministerial Conference (MC13) of the WTO, India is poised to address critical issues concerning agriculture and trade. Emphasising the urgency of...

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GST Rates May Drop Soon as Council Reviews Tax Structure

Union Finance Minister Nirmala Sitharaman said on Saturday that...

Foreign Assets Worth ₹29,000 Cr Declared After ITD Campaign

Over 30,000 taxpayers declared foreign assets worth more than...

8th Pay Commission Cleared: Major Salary & Pension Hikes Ahead

Union Cabinet Approves 8th Pay Commission: Major Salary Revisions...

RBL Bank Shares Drop as GST Authorities Conduct Search

Shares of RBL Bank fell by as much as...

Updated Passport Rule: 5 Key Amendments You Need to Know

Applicants born on or after 1 October 2023, must...