Artificial Intelligence ( AI ) is becoming increasingly crucial in the realm of tax compliance, bringing about significant changes and paving the way for future advancements. Recent trends show a widespread adoption of AI by

Filing income tax returns (ITR) in India is mandatory for certain individuals, but can be voluntary for others. Understanding your obligation and the different ITR forms can help you decide whether to file and choose

Salaried taxpayers nationwide have recently received SMS notifications from the Income Tax Department regarding their Total Tax Deducted at Source ( TDS ). These messages, sent to individuals, contain details about TDS deducted by employers

In a recent ruling the Indore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the assessee not liable for payee's non-response to Assessing Officer Notice, quashed the revision order. The assessee

SUPREME COURT Services Rendered with Procurement of Goods for Exports are not to be categorised as intermediary services: Supreme Court Dismisses Appeal COMMISSIONER OF G.S.T. AND CENTRAL EXCISE vs M/S SNQS INTERNATIONAL SOCKS PRIVATE LIMITED

Taxpayers filing TDS returns for Q4 (Form 24Q) and claiming standard deduction under section 16(ia) for Section 115BAC cases faced an error message. The error message states that standard deduction under section 16(ia) is not

The income tax department is preparing to take action against individuals and entities who are required to file tax returns but have failed to do so. Officials have identified 15.2 million such individuals who either

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the grant of Tax Deducted at Source ( TDS ) exemption after confirming the authenticity of the TDS exemption certificate issued

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271(1)(c) of the Income Tax Act, 1961 as the taxpayer voluntarily clarified the discrepancy in lease equalization disallowance

The Deloitte invited applications for the post Assistant Manager. Qualifications CA Good oral and written communication skills Able to work under pressure and multitask Able to meet deadlines Maintain office ethics and confidentiality Team worker

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue's appeal as the Assessing Officer ( AO ) made no reference to any incriminating material while adding on TDR transactions.

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from march 30, 2024 to April 5 Commissioner cannot invoke Revisional

The Madras High Court, in a recent ruling, has instructed the petitioner to file a statutory appeal within two weeks, along with the necessary pre-deposit in a case involving incorrect Tax Deduction at Source (

Salaried employees have to furnish their income tax return and declare their income by July 31. As we stepped into the financial year 2024-25 on April 1, it is imperative to grasp the nuances of

The Madras High Court has instructed the petitioner to submit an application under Section 119(2) of the Income Tax Act, 1961 concerning the refund of TDS related to compensation from a Motor Accident Claims Tribunal