News

In 2023, the government introduced Section 43B(h), which focuses on the protection of Micro, Small, and Medium Enterprises (MSMEs).

Industry seeks for Extension of the implementation of Section 43B(h)

The Central Board of Direct Taxes (CBDT) has set a maximum ceiling limit of Rs.1 lakh for waiving eligible income tax demands.

Income Tax Demand Waiver of Rs. 1 Lakh: Know More

Judgement

The Allahabad HC sets aside Rejection Order of Income Tax Revision Application Passed without giving opportunity of Being Heard.

HC sets aside Rejection Order of Income Tax Revision Application Passed without giving opportunity of Being Heard

Notifications

The Central Board of Direct Taxes (CBDT) has amended the ITR Forms for inserting Disclosure for Section 80DD, Section 80U and Section 54D via issuing Notification.

CBDT Amends ITR Forms for inserting Disclosure for Section 80DD, Section 80U and Section 54D

Articles

For Section 44ADA, the revised limit for opting Income Tax Presumptive Taxation Scheme from Assessment Year 2024-25 is Rs. 75 Lakhs.

All About New Limits of Income Tax Presumptive Taxation Scheme for Professionals: Section 44ADA

The Income Tax Department has started sending notices under Section 133(6) of the Income Tax Act for Assessment Year 2023-24 (AY 23-34) to salaried individuals asking for proof of deductions and exemptions claimed in the Income Tax Return (ITR) Form.

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Industry seeks for Extension of the implementation of Section 43B(h)

Income Tax Demand Waiver of Rs. 1 Lakh: Know More

HC sets aside Rejection Order of Income Tax Revision Application Passed without giving opportunity of Being Heard

CBDT Amends ITR Forms for inserting Disclosure for Section 80DD, Section 80U and Section 54D

All About New Limits of Income Tax Presumptive Taxation Scheme for Professionals: Section 44ADA

Income Tax Department sends notice to salaried Individuals asking proof of deductions claimed in ITR