News

Oman will be introducing a 5% personal income tax on individuals whose annual gross income is more than 42,000 Omani riyals, from 2028.

Oman's Tax-Free Paradise Ends: 5% Income Tax Coming in 2028

Judgement

High Court rules that 20% TDS under Section 206AA is not applicable to non-residents without PAN if a lower tax rate is available under the Double Taxation Avoidance Agreement (DTAA). A big relief for foreign taxpayers receiving royalty or FTS from India.

No 20% TDS for NRs without PAN If DTAA Offers Lower Rate: High Court

ITAT holds reassessment void where notice under Section 148 of Income Tax was unsigned

ITAT Quashes Reassessment Over Defective & Unsigned Income Tax Notice

ITAT rules that Section 69A can't be invoked where cash deposits are duly recorded in audited books.

ITAT Relief: Demonetization Cash Treated as Sales, Not Unexplained Income

Income Tax Notices Surge for Salaried Employees! Here's the Shocking Reason

Tribunal quashes assessments due to consolidated and mechanical approval under Section 153D of the Income Tax Act

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Oman's Tax-Free Paradise Ends: 5% Income Tax Coming in 2028

No 20% TDS for NRs without PAN If DTAA Offers Lower Rate: High Court

ITAT Quashes Reassessment Over Defective & Unsigned Income Tax Notice

ITAT Relief: Demonetization Cash Treated as Sales, Not Unexplained Income

Income Tax Notices Surge for Salaried Employees! Here's the Shocking Reason

ITAT Strikes Down Income Tax Orders for Mindless 153D Approval