Income Tax Articles
Comprehensive Guide to Income Tax Allowances for Salaried Individuals: 2024 Updates
22 August 2024
498 Views
A detailed overview of various allowances as per the Income Tax Act and the 2024 Budget.
The Angel Tax Controversy: A Comprehensive Overview
Angel Tax, introduced in 2012 under Section 56(2)(viib) of the Income Tax Act 1961, was a tax levied on startups receiving investments from angel investors when the amount raised exceeded the fair market value of the shares issued.
ITAT Mumbai Rules Rs 20 Lakh Gift from UAE Brother Exempt from Tax
ITAT Mumbai rules that a Rs 20 lakh gift received from a brother in the UAE is exempt from tax under the Income Tax Act, providing clarity on tax-free gifts from relatives abroad.
The Risks of Early Tax Filing: What You Need to Know
Understand the risks associated with early tax filing.
Bandhans on Accepting Gifts on Raksha Bandhan!!
On this special day, many brothers and sisters exchange gifts as a token of their love and bond. But what about the tax implications of these gifts?
Automatic Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for FY 2024-25
15 August 2024
13899 Views
Download Automatic Income Tax Arrears Relief Calculator u/s 89(1) with Form 10E for the FY 2024-25 as per Budget 2024
Calcutta HC Upholds ITAT's Deletion of Income Tax Addition u/s 69 of the Income Tax Act
Upholding ITAT's decision to delete income tax addition under Section 69 of the Income Tax Act (ITA) due to lack of direct evidence.
Can You Access Your Spouse's ITR Statements Under RTI During Divorce Proceedings?
During divorce proceedings, obtaining your spouse’s Income Tax Return (ITR) statements is often crucial for determining financial obligations and fair maintenance.
Capital Assets Indexation- It's Gain and Pain!!
The restoration of indexation benefits is a significant development, especially for those dealing with the transfer of land and buildings.
FAQs On Tax Audit Report
Find answers to your questions about tax audit reports.
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