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The government is planning to raise the income tax exemption limit from Rs 2.5 lakh to Rs 5 lakh in the upcoming Budget for 2023-24.

Budget 2023: Income Tax Exemption Limit may raise to Rs.5 Lakh by Govt. in Upcoming Budget

Budget 2023: Income Tax Exemption Limit may raise to Rs. 5 Lakh by Govt. in Upcoming Budget

Judgement

ITAT affirms method given in ICAI guidance note for calculation of F&O Turnover

Agricultural income estimated by assesse has to be accepted by Income Tax in absence of contrary evidence: ITAT

As Union Budget 2023 is around the corner, most of taxpayers are demanding an increase in slab limit and an increase in Section 80C Deduction Limit.

Budget 2023: Will there be any Tax Slab Change in Upcoming Budget? Getting signals!

Budget 2023: Will there be any Tax Slab Change in Upcoming Budget? Getting signals

The Income Tax Appellate Tribunal, Gauhati Bench has upheld the finding of the ld. CIT(A) that there is no requirement under the provisions of the Act for deduction of tax at source by the partnership firm on salary, bonus, commission or remuneration etc or whatever name called given or credited to a partner of a firm.

No TDS applicable on salary, bonus, commission etc given to partner by partnership firm: ITAT

ITAT allows claim of brought forward loss and current year loss adjusted by CPC

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