News

The circular has clarified the manner of computation of net winning which is prescribed in Rule 133 of the Income-tax Rules 1962.

CBDT releases Circular clarifying TDS provisions on income by way of winnings from Online Games

Not only GST authorities hit a legal snag into recovery from  Gameskraft, IT department, which sent notices to corporation and over 10,000 players, is encountering difficulties.

Online Gaming: Income Tax Officials too Face Difficulty in Gameskraft Case

If you opt for New Tax Regime, and you have only a Rental Income of upto Rs. 10 Lakh, the same will be Tax-Free.

How Rental Income of upto Rs. 10 Lakh can be Tax Free: Read to Know Further

The Central Board of Direct Taxes(CBDT) has proposed Changes to Rule 11UA in respect of Angel Tax and also notified excluded entries.

CBDT proposed Changes to Rule 11UA in respect of Angel Tax

The Income Tax Department has enabled the Income Tax Returns Form ITR 1 and ITR 4 at the income tax e-filing portal in Online mode with prefilled data.

Income Tax Dept. enabled ITR-1 and ITR-4 for filing via Online mode at Portal

ITAT quashed re-opening of Amrita Jhaveri's case for both financial years (2005-06 and 2006-07) and addition of an income of Rs 2.3 crore, the rupee equivalent of the balances appearing in HSBC bank accounts in Geneva.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

CBDT releases Circular clarifying TDS provisions on income by way of winnings from Online Games

Online Gaming: Income Tax Officials too Face Difficulty in Gameskraft Case

How Rental Income of upto Rs. 10 Lakh can be Tax Free: Read to Know Further

CBDT proposed Changes to Rule 11UA in respect of Angel Tax

Income Tax Dept. enabled ITR-1 and ITR-4 for filing via Online mode at Portal

ITAT quashes Taxing of Swiss Account Funds of Non-Resident