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Truecaller Offices Raided by Indian Income Tax Department Over Transfer Pricing Violations

Truecaller Offices Raided by Indian Income Tax Department Over Transfer Pricing Violations

Posted by By admin November 9, 2024Posted inINCOME TAX4 Comments
Truecaller Offices Raided by Indian Income Tax Department Over Transfer Pricing Violations In a surprising move on November 6, 2024, the Indian Income Tax Department conducted unannounced surveys at Truecaller’s…
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No Tax Exemption for Religious Vows: Supreme Court Enforces TDS on Salaries for Priests and Nuns

No Tax Exemption for Religious Vows: Supreme Court Enforces TDS on Salaries for Priests and Nuns

Posted by By admin November 8, 2024Posted inINCOME TAX, TDSNo Comments
No Tax Exemption for Religious Vows: Supreme Court Enforces TDS on Salaries for Priests and Nuns The Supreme Court of India’s recent ruling on whether priests and nuns working in…
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Who is an Assessing officer? How do you find your Assessing Officer?

Who is an Assessing officer? How do you find your Assessing Officer?

Posted by By admin November 7, 2024Posted inINCOME TAXNo Comments
Who is an Assessing officer? How do you find your Assessing Officer? Every taxpayer is assigned a jurisdictional assessing officer (AO) based on the address mentioned in his Permanent Account…
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Deductions Under Section 80CCD of Income Tax

Deductions Under Section 80CCD of Income Tax

Posted by By admin November 6, 2024Posted inINCOME TAXNo Comments
Deductions Under Section 80CCD of Income Tax Introduction to Section 80CCD and its Benefits Section 80CCD of the Income Tax Act, 1961, provides tax deductions for contributions made to specific…
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Beware of Unprofessional ITR Filing: Income Tax Department Initiates Action on Fraudulent Refund Claims

Beware of Unprofessional ITR Filing: Income Tax Department Initiates Action on Fraudulent Refund Claims

Posted by By admin November 5, 2024Posted inINCOME TAXNo Comments
Beware of Unprofessional ITR Filing: Income Tax Department Initiates Action on Fraudulent Refund Claims In recent years, an alarming trend has emerged among taxpayers, with many individuals choosing non-professionals to…
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Understand the Hindu Undivided Family Structure and know it’s Financial Benifits

Understand the Hindu Undivided Family Structure and know it’s Financial Benifits

Posted by By admin November 4, 2024Posted inINCOME TAXNo Comments
Understand the Hindu Undivided Family Structure and know it's Financial Benifits The concept of a Hindu Undivided Family (HUF) provides a unique structure in India for Hindu, Jain, Sikh, and…
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The Impact of AI on the Future of Assessment

The Impact of AI on the Future of Assessment

Posted by By admin November 4, 2024Posted inINCOME TAXNo Comments
The Impact of AI on the Future of Assessment Artificial intelligence (AI) is reshaping countless sectors, and education is no exception. AI in assessment is emerging as a powerful force…
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Tax benefit for Person with Disabilities and Family members

Tax benefit for Person with Disabilities and Family members

Posted by By admin November 4, 2024Posted indeductions, INCOME TAXNo Comments
Tax benefit for Person with Disabilities and Family members Introduction The Indian Income Tax Act includes provisions designed to support individuals with disabilities and their families. Two of the most…
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Section 194LA: TDS on Payment of Compensation on Acquisition of Certain Immovable Property

Section 194LA: TDS on Payment of Compensation on Acquisition of Certain Immovable Property

Posted by By admin November 4, 2024Posted inINCOME TAX, TDSNo Comments
Section 194LA: TDS on Payment of Compensation on Acquisition of Certain Immovable Property Any person responsible for paying to a resident any sum, being in the nature of compensation or…
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Over 9.54 Lakh Crorepati Taxpayers File Income Tax Returns by October 31: A Surge in High-Income Filers

Over 9.54 Lakh Crorepati Taxpayers File Income Tax Returns by October 31: A Surge in High-Income Filers

Posted by By admin November 4, 2024Posted inINCOME TAXNo Comments
Over 9.54 Lakh Crorepati Taxpayers File Income Tax Returns by October 31: A Surge in High-Income Filers The latest income tax data released by the Income Tax Department in India…
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