SME Timely Payments Alert: Make Payments by March 31, 2024 to ensure Section 43B(h) Compliance
This article discusses the amendment to the Income Tax Act that impacts how certain deductions are calculated for payments made to micro and small...
Fake Alert! Fake Income Tax Notice Claiming Payment Requirement for Audited Balance Sheets makes Rounds, warns Govt
The Indian government has issued a warning about a fake income tax notice circulating online. The notice, which claims to be from the Income Tax Department, demands payment for audited balance sheets...
Section 43B(h) Income Tax Act Repercussions: Kerala Textile and Garments Dealers Welfare Association asks MSEs to change Category
The Kerala Textile and Garments Dealers Welfare Association ( KTGDA ) has requested micro and small enterprises ( MSEs ) in the textile industry to change their MSME category from "manufacturing" to...
Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]
In a major relief to the Indian Chamber of Commerce ( ICC ), the Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) granted income tax exemption on receipts from seminars and conferences. ...
![Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ICC-Indian-Chamber-of-Commerce-ITAT-Income-Tax-Exemption-ITAT-Kolkata-ITAT-decision-on-ICC-TAXSCAN.jpg "Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]")
