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IRS Offers Relief: Link Aadhaar with PAN by May 31 to Avoid TDS Troubles!

Monika Shanmugam - 0
In a move to ease the burden on taxpayers and businesses, the Income Tax Department has extended a helping hand. Individuals and entities failing...

TDS Troubles: Buyer Beware

Monika Shanmugam - 0
A seemingly minor oversight in checking the PAN-Aadhaar linkage of a property seller could lead property buyers into a tax trap, causing them to...

PAN Aadhaar Link: Know Who’s Exempt and the Latest Rules

Monika Shanmugam - 0
In the bustling world of financial transactions and tax obligations, the PAN card stands as a crucial document akin to the Aadhaar Card. With...

Madras HC’s Ruling: File Section 119(2) Application for TDS Refund on MACT Compensation

Monika Shanmugam - 0
The Madras High Court has directed a petitioner to file an application under Section 119(2) of the Income Tax Act to address the delay...

April 1 Brings Major Financial Shifts: E-insurance, FASTag, ITR Filing, and More

Monika Shanmugam - 0
As the clock ticks over to April 1, 2024, a slew of significant changes ripple through India's financial landscape, touching upon everything from insurance...

ITAT Delivers Landmark Verdict: TDS Exemption for Foreign Support Services Expenses

Monika Shanmugam - 0
In a groundbreaking ruling, the Income Tax Appellate Tribunal (ITAT) Delhi has declared that expenses incurred for management and marketing support services paid to...

Payments to Doctors Subject to TDS Provisions Under Section 194J, Not 192: ITAT Rules

Monika Shanmugam - 0
In a recent ruling, the Delhi Bench of Income Tax Appellate Tribunal (ITAT), led by M. Balaganesh (Accountant Member) and Anubhav Sharma (Judicial Member),...

IT Raids in Chennai Find ₹1.25 Cr in Cash and 5 kg of Gold in Park Town

Akash G Varadaraj - 0
IT raids confiscate 5 kilograms of gold bullion and ₹1.25 crore in cash from jewellery units in Park Town, Chennai. Income tax authorities in...

Deadline Approaching: Update Your ITR for FY21 by March 31

Monika Shanmugam - 0
With the deadline to file updated returns for the financial year 2020-21 (FY21) fast approaching, taxpayers are urged to take note of the essential...

IT Department Cracks Down on Discrepancies: ITR Notices Sent for Mismatch

Akash G Varadaraj - 0
The Income Tax Department is proactively addressing discrepancies in taxpayers' Income Tax Returns (ITRs) by issuing formal ITR notices. These notices highlight potential mismatches...
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