Section 269SU provides that every person, carrying on business, shall, provide a facility for accepting payment through the prescribed electronic modes if any, being provided by such person, if his total sales, turnover or gross receipts in business exceeds Rs.50 Crores
Only those capital receipts would be taxable under the Income Tax Act,1961 which are expressly provided under the definition of term "income" under section 2(24) of the Act.
An individual who has taken a loan for the purchase of an Electrical Vehicle from any Financial Institution is eligible to get the benefit of deduction of interest payable on loan under section 80EEB
With the rise in online trading avenues as well as investor awareness, a larger number of people are now channeling their investments into the financial markets.
Know what are new disclosures that will reflect in your Income Tax Return(ITR) Form with the implementation of faceless assessment
Concept of Inseparable Letting under Income Tax Act, 1961
PM Narendra Modi launches a platform for Transparent Taxation to Honor the Honest
Whether an Income Tax survey proceedings u/s 133A of the Income Tax Act’1961 can be converted into an Income Tax Search and Seizure action u/s 132 of the Income Tax Act ‘1961
An analysis of the latest notifications and circulars issued by CBDT in the month of July.
The Reporting Portal is an online platform provided by the Income Tax Department to reporting entities for the purpose of registering themselves with the department (ITD) and thus allowing them to submit the required statements to be submitted on the portal
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools