What is New Form 12BAA for Employees? Clear Your Doubts Now
Employees with income from sources other than salaries will be required to furnish a new Form 12BAA starting from the next financial year. This form...
![Own-Occupancy and Usage of Office Space: ITAT Remands Matter for Production of Lease Agreement and other Evidences [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-ITAT-Visakhapatnam-Office-space-lease-agreement-Office-space-ownership-legal-TAXSCAN.jpg "Own-Occupancy and Usage of Office Space: ITAT Remands Matter for Production of Lease Agreement and other Evidences [Read Order]")
![ITAT invalidates Addition u/s 56(2)(vii) and deletes Deemed Gift due to Incorrect Valuation Date [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Kolkata-Deemed-Gift-Incorrect-Valuation-Date-Section-562vii-of-Income-Tax-Act-Income-tax-taxscan.jpg "ITAT invalidates Addition u/s 56(2)(vii) and deletes Deemed Gift due to Incorrect Valuation Date [Read Order]")
Extended Time Limit for Employers for TDS Deposits from Oct 1, 2024: Here's Why Employees need not Worry
Starting October 1, 2024, new rules on Tax Deducted at Source ( TDS ) have relaxed the deposit deadlines for employers. Under these revised rules, companies now have additional time to deposit TDS...
![TDS Orders Beyond Four-Year Limit is Invalid: ITAT quashes CIT(A)s Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Tax-Deducted-at-Source-TDS-Income-Tax-Appellate-Tribunal-TDS-orders-four-year-limit-TDS-demand-taxscan.jpg "TDS Orders Beyond Four-Year Limit is Invalid: ITAT quashes CIT(A)s Order [Read Order]")
Failure to Prove University's Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]
Recently in a ruling, the Chhattisgarh High Court quashed the Revenue’s denial of a university's application for income tax exemption under Section 10(23C)(vi) of the Income Tax Act, 1961 ( ITA ),...
![Failure to Prove Universitys Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Claim-Income-tax-exemption-TAXSCAN.jpg "Failure to Prove Universitys Profit Motive: Chattisgarh HC quashes Denial of S.10(23C) Exemption Claim under Income Tax [Read Order]")
Income Tax Refund Cannot Be Denied Merely Due to Non-Reflection in Form 26AS: Delhi HC [Read Order]
In a significant ruling, the Delhi High Court has held that the Income Tax Department cannot deny a taxpayer's refund claim merely because the Tax Deducted at Source ( TDS ) does not reflect in Form...
![Income Tax Refund Cannot Be Denied Merely Due to Non-Reflection in Form 26AS: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Refund-Form-26AS-Delhi-HC-Delhi-High-Court-High-Court-news-Tax-Deducted-at-Source-TDS-taxscan.jpg "Income Tax Refund Cannot Be Denied Merely Due to Non-Reflection in Form 26AS: Delhi HC [Read Order]")