News

Tamilnad Mercantile Bank Ltd, announced that it has received a Notice of Demand under Section 156 of the Income Tax Act of 1961 for the assessment year 2017-18.

Tamilnad Mercantile Bank gets Income Tax Demand Notice worth approx. Rs.59 Crore for AY 2017-18

Articles

The Member of Parliament has made a representation before the Chairman of Select Committee to include Company Secretary in the Definition of Accountant u/s 515(3)(b) of the Income Tax Bill.

Inclusion of Company Secretary in the Definition of Accountant under Income Tax Bill 2025 [Read Representation]

If you are someone earning a taxable income and yet haven’t filed your Income Tax Return (ITR) in the past few years, you might get in trouble.

Department Flagged High-Risk Non-Filers; You Might Receive a Tax Notice Under Section 148A if You Haven’t Filed Your ITR

Notifications

The Central Board of Direct Taxes (CBDT) has notified Bond of Power Finance Corporation Ltd. under Zero Coupon Bond via issuing a notification.

Govt. notifies Bond of Power Finance Corporation Ltd under Zero Coupon Bond as per Income Tax

The Minister Pankaj Chaudhary replied to a question asked in Lok Sabha said, "There is a reduction in tax rates and an increase in standard deduction for salaried individuals.".

Reduction in Tax Rates and Increase in Standard Deduction for Salaried Individuals

Currently, partnership firms and LLPs do not deduct TDS on payments made to their partners. TDS is only applicable when payments are made to employees of the firm

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Tamilnad Mercantile Bank gets Income Tax Demand Notice worth approx. Rs.59 Crore for AY 2017-18

Inclusion of Company Secretary in the Definition of Accountant under Income Tax Bill 2025 [Read Representation]

Department Flagged High-Risk Non-Filers; You Might Receive a Tax Notice Under Section 148A if You Haven’t Filed Your ITR

Govt. notifies Bond of Power Finance Corporation Ltd under Zero Coupon Bond as per Income Tax

Reduction in Tax Rates and Increase in Standard Deduction for Salaried Individuals

Section 194T: Understanding TDS on Partner Payments by Firms