Many everyday savings account transactions can attract Income Tax Department scrutiny. Large cash deposits, credit card ...
Mr. Gadhvi (name withheld), a resident of Gujarat who had a construction business, got a huge shock when the Income Tax ...
Two CIT(A) rulings confirm the Section 87A tax rebate applies to total income up to Rs.7 lakh, even with Short-Term Capital Gains (STCG) u/s 111A, for taxpayers under the new 115BAC(1A) ...
Upholding a crucial legal principle, the ITAT ruled that where a businesss income is estimated on a percentage-of-turnover ...
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