Section 80C of the Income Tax Act of India provides deductions for certain expenditures and investments, allowing individuals and Hindu Undivided Families to reduce their taxable income by up to Rs 1.5 lakh annually. This

Navigating the landscape of income tax for the first time can be a significant milestone in any individual's life. While the process may initially appear daunting and tedious, breaking down the fundamentals can help demystify

In a circular dated February 8, 2024, the Employees’ Provident Fund Organisation ( EPFO ) instructed its Field Offices not to entertain claims related to Paytm Payments Bank Limited ( PPBL ) accounts, effective from

Investment declaration guide: With the onset of tax season, employees are required to declare their investments and expenses to their employers for hassle-free financial management and seeking tax benefits. The employees who fall under the

Q: Hey there, I am a product designer and I recently started to freelance while also having a full time job. And I have started to collect payments through Paypal. My turnover as of now

The life insurers want the government to introduce a separate tax deduction limit exclusively for life insurance premiums paid, bring life insurance annuity and pension products at par with the National Pension Scheme ( NPS

This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT The Mumbai bench

This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in Non-compliance of Notice due to different Email ID on Form 35 and ITR: ITAT allows another opportunity to Assessee Vikram Udeshanghbhai Padhiyar

This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in Failure of PCIT to Furnish Investigation Report or other Regulators in Respect of Scrips Dealt by the Assessee: ITAT quashes Revision Order

This yearly digest summarises all the ITAT stories published at taxscan.in in 2023 Failure to produce Confirmation Letter and Supporting Evidence of Promotion Expenses Incurred towards Medicine Agency: ITAT upholds Addition M/s. Lincoln Pharmaceuticals Ltd.

This yearly digest summarises all the ITAT stories published at taxscan.in in 2023 Deduction u/s 80G of Income Tax Act can be claimed when Assessee satisfies all the Conditions: ITAT Optum Global Solutions (India) Private

Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT Tourism Finance Corporation of India Ltd vs Addl. CIT CITATION: 2023 TAXSCAN (ITAT) 2145 The Delhi bench

 Fee received towards live transmissions of cricket matches programmes held in Australia is not “Royalty” under Indo -Australia DTAA: ITAT deletes addition against Cricket Australia Cricket Australia vs ACIT CITATION:2023 TAXSCAN (ITAT) 2053 The Income

ITAT upholds Assessment Order passed u/s 143(3) of Income Tax Act based on intimation made by section 143(1) of Act M/s. Areca Trus vs The Commissioner of Income Tax (Appeals) CITATION: 2023 TAXSCAN (ITAT) 1980

This yearly digest summarises all ITAT stories published in 2023 at taxscan.in Application for Registration u/s 12AA of Income Tax Act shall not denied on Absence of Dissolution Clause in Trust Deed: ITAT Roop V.K