Income Tax: CSR expenses incurred by making donations to Trusts deductible
ITAT, Kolkata Bench in its recent ruling in JMS Mining (P.) Ltd. v. Principal Commissioner of Income-tax , Kolkata-2 has…
Category: Income Tax Articles
Government extends certain timelines to ease compliances under IT Act
The Central Government, in continuation of its commitment to address the hardship being faced by various stakeholders on account of…
More clarity needed on taxability of interest on employee contribution to PF
Those following a cash system could argue that interest is to be taxed only on withdrawal Interest on employee contribution…
Payment of Advance Tax: All you need to know
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Clarification issued on c/f of losses in case of change in shareholding due to strategic disinvestment
Finance Act, 2021 has amended section 72A of the Income-tax Act, 1961 (the Act) to inter alia provide that in case of…
![No TDS u/s 194A on interest on compensation: Bombay High Court [Read Order]](https://www.taxwallah.com/wp-content/uploads/2021/08/TDS.png)
No TDS u/s 194A on interest on compensation: Bombay High Court [Read Order]
The Bombay High Court in its recent ruling in the case of Sainath Rajkumar Sarode has ruled that the no…
FAQs on Tax Audit under Income Tax Act
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TDS Rates for Assessment Year 2022-23 : At a Glance
The rates for tax deduction at source under various Sections of Income Tax Act, 1961 for Assessment Year 2022-23, as…
Income Tax on Gifts received by Individual / HUF: All you need to know
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![CBDT amends Income Tax Rules for taxing Provident Fund interest [Read Notification]](https://www.taxwallah.com/wp-content/uploads/2021/03/epf.png)
CBDT amends Income Tax Rules for taxing Provident Fund interest [Read Notification]
Till FY 2020-21 Interest earned on provident fund balance was earlier fully exempted from tax in the hands of the…
![iPad is not a Computer: 60% Depreciation not allowable: ITAT [Read Order]](https://www.taxwallah.com/wp-content/uploads/2021/08/ipad-girl-tablet-internet.jpg)
iPad is not a Computer: 60% Depreciation not allowable: ITAT [Read Order]
The Amritsar bench of the Income Tax Appellate Tribunal (ITAT) in its recent ruling in the case of M/s Kohinoor…
Test new I-T returns filing software before opening to public use: Delhi High Court
The Delhi High Court wants the new income-tax software and programs to be opened to public after they are well-tested…