The case clarifies that only specified adjustments can be made while computing book profit under MAT. The ruling limits ...
The new law replaces the 1961 Act without introducing new taxes or changing tax policy. It simplifies provisions, reduces complexity, and improves compliance ...
Tax experts urge CBDT to issue a master circular clarifying legacy guidance under the Income-tax Act, 2025 to reduce ...
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Income tax news: Big shift in tax assessments - How it affects your ITR, refunds & notices
Income Tax news: Effective April 2026, only the Jurisdictional Assessing Officer (JAO) is authorized to issue reassessment ...
The Income Tax department has issued notices to charitable trusts, trade associations, and educational institutions, ...
The Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the ...
Under Section 44ADA of the Income Tax Act, 1961, an assessee opting for presumptive taxation is not required to maintain ...
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