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...