Executive Summary
The Central Board of Direct Taxes (CBDT) has directed that foreign financial information received by the Indian tax authorities under international information exchange arrangements be uploaded into ta ...
The Mumbai Income Tax Appellate Tribunal has held that a salaried employee cannot be denied TDS credit just because her employer deducted the tax but never deposited it with the government.
The employee had declared inc ...
(Indian Medical Association, Kerala State Branch v. Union of India & Others, Judgment dated 11 April 2025)
In a judgment that has captured the attention of industries, professional bodies, clubs, RWAs, and tax pract ...
1. What is Annual Information Statement (AIS)?
The Annual Information Statement (AIS) provides a comprehensive view of a taxpayer’s financial information, as reflected earlier in Form 26AS. It displays details reporte ...
Introduction
1. The Finance Act, 2024, introduced a new provision, Section 194T, into the Income-tax Act, 1961 (“the Act”), mandating Tax Deduction at Source (“TDS”) on payments made by firms to their partners. ...
The Goods and Services Tax (GST) framework has undergone a significant change on October 10, 2024. This new notification, introduced by the government, focuses on non-residential rental transactions. The key change is th ...
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