With just a few days left for the Union Budget 2025 presentation, sectors such as banking, insurance, and others are holding ...

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Many taxpayers feel that they do not get anything in return for their sincerity in paying taxes to the government. This ...

India has an extensive tax appeals system that starts from the Commissioner of Income Tax Appeals to the Supreme Court.

Madurai: Paying income tax is an important duty, but certain benefits can be considered for honest taxpayers if and when they ...

The current income-tax law is complex for average taxpayers due to its technical jargon and numerous provisos, circulars, and ...

In conclusion, the ITAT’s decision in favor of the trust reinforces the importance of adhering to CBDT guidelines. The ruling highlights that for trusts registered under Section 12A, the exemption ...

The Direct Tax Vivad Se Vishwas Scheme, 2024 (DTVSV Scheme, 2024), introduced through the Finance (No. 2) Act, 2024, aims to ...

The PPT is essentially a “purpose”-driven inquiry seeking to ascertain the subjective reasons of an investor to locate in a ...

India’s CBDT has said that investments from Mauritius, Cyprus, and Singapore before April 1, 2017, retain favorable capital ...

The sumptuary allowance for judges as defined under the Supreme Court and High Court Judges Acts is exempt from being treated as income under the Income Tax Act, 1961. However, for other judicial ...

Indians rejoice, your dream cruise vacations are set to get cheaper with the The Central Board of Direct Taxes (CBDT) ...