News

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

Judgement

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

Income Tax Appellant Tribunal (ITAT) Surat has said that in absence of material to show net profit rate, the presumptive net profit rate of 8% as stipulated in section 44AD could be taken for estimation of income.

Income Tax Assessment: Take presumptive rate of 8% u/s 44AD in absence of record; says ITAT

Rs 100 Crore Assessment Notice quashed by High Court due to violation of Natural Justice

Know the new banks for over-the-counter and online banking options for e-Pay Tax service

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