Income Tax Reduction: Handling Dividend Income from Shares and Mutual Funds
It is important to understand how the dividend income arising from equities and mutual funds influences one’s income tax return. While dividends are...
![Tax Reduction Benefit under Rule 32 (5) of CGST, Rules not applicable When Fails to Prove Gold as Second-Hand Good: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Tax-Reduction-Benefit-Tax-CGST-Gold-Second-Hand-Good-AAR-CGST-Rules-taxscan.jpg "Tax Reduction Benefit under Rule 32 (5) of CGST, Rules not applicable When Fails to Prove Gold as Second-Hand Good: AAR [Read Order]")
![Budget 2023: Major changes under Income Tax Act 1961 [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Act-1961-Income-Tax-Act-budget-2023-union-budget-2023-nirmala-sitharaman-budget-2023-india-union-budget-2023-live-taxscan.jpg "Budget 2023: Major changes under Income Tax Act 1961 [Read Finance Bill]")
Domestic Companies should file Form 10–IC for claiming Tax Reduction u/s 115BAA of the Income Tax Act: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that for claiming reduction under section 115BAA of Income Tax Act the domestic companies should file form 10-IC within the...
![Domestic Companies should file Form 10–IC for claiming Tax Reduction u/s 115BAA of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Domestic-companies-Tax-Tax-Reduction-Income-Tax-Act-Income-Tax-Taxscan.jpg "Domestic Companies should file Form 10–IC for claiming Tax Reduction u/s 115BAA of the Income Tax Act: ITAT [Read Order]")
Gaurav Sharma Food Industry denied Benefit of Tax Reduction to Consumers: NAA imposes Penalty [Read Order]
The National Anti-Profiteering Authority (NAA) found M/s Gaurav Sharma Food Industry denied the benefit of tax reduction to consumers and imposed penalty and directed the respondent to deposit the...
![Gaurav Sharma Food Industry denied Benefit of Tax Reduction to Consumers: NAA imposes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Gaurav-Sharma-Food-Industry-NAA-Tax-Reduction-Penalty-Taxscan.jpg "Gaurav Sharma Food Industry denied Benefit of Tax Reduction to Consumers: NAA imposes Penalty [Read Order]")
Constructor neither benefited from Additional ITC nor there was Tax Reduction in post-GST period, No Profiteering: NAA [Read Order]
The National Anti-Profiteering Authority (NAA), while agreeing with the findings of the Director-General of Anti-Profiteering (DGAP) ruled that the Constructor neither benefited from additional Input...
![Constructor neither benefited from Additional ITC nor there was Tax Reduction in post-GST period, No Profiteering: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-28-at-12.36.09-PM.jpeg "Constructor neither benefited from Additional ITC nor there was Tax Reduction in post-GST period, No Profiteering: NAA [Read Order]")
![Raymond not Passed the Benefit of Tax Reduction to Customers: NAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-19-at-12.45.54-PM.jpeg "Raymond not Passed the Benefit of Tax Reduction to Customers: NAA [Read Order]")
![NAA imposes Penalty on McNROE for denying benefit of Tax Reduction to Consumer [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-13-7.jpg "NAA imposes Penalty on McNROE for denying benefit of Tax Reduction to Consumer [Read Order]")
NAA imposes Penalty on Samsung for denying the benefit of Tax Reduction to the Consumers [Read Order]
The National Anti-Profiteering Authority (NAA) has imposed a penalty on Samsung for denying the benefit of tax reduction to its customer. In the case of M/s. Local Circle Pvt. Ltd. vs. M/s Samsung...
![NAA imposes Penalty on Samsung for denying the benefit of Tax Reduction to the Consumers [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Samsung-Taxscan.jpg "NAA imposes Penalty on Samsung for denying the benefit of Tax Reduction to the Consumers [Read Order]")