What is Form 10F? Who Needs It & How to File It Online?
What is Form 10F?, Who Needs It, and How to File It Online? Do you earn income from India while living in another country? You might be able to pay less tax under a Double Taxation Avoidance Agreement (DTAA). This agreement ensures your income isn’t taxed twice—once in India and again in your home country.To […]
Virtual Digital Assets (VDA) Taxation & TDS: Complete Guide to Sections 115BBH & 194S
Virtual Digital Assets (VDA) Taxation & TDS: Complete Guide to Sections 115BBH & 194S Section 115BBH | Section 194S | Circular No. 13 of 2022Crypto Currency• Decentralized Digital Asset Exchange based on Blockchain technology• Mining• Cryptography• More than 1500 virtual currencies like Bitcoin, Litecoin, Ripple, Matic, etc.• Not legal tender in India• In 2018, the […]
ITAT Jaipur Rules in Favor of Bansal Oil Mill Ltd. – A Significant Judgment on Tax Reassessment
ITAT Jaipur Rules in Favor of Bansal Oil Mill Ltd. – A Significant Judgment on Tax Reassessment The Income Tax Appellate Tribunal (ITAT) Jaipur, in the case of Bansal Oil Mill Ltd. vs. Assistant Commissioner of Income Tax (ACIT), decided that the reassessment order passed by the Assessing officer was invalid due to a violation […]
Anuj Agarwal vs. PCIT Kolkata: Landmark Ruling on Capital Gains & Property Acquisition
Anuj Agarwal vs. PCIT Kolkata: Landmark Ruling on Capital Gains & Property Acquisition The recent judgment in the case of Anuj Agarwal vs. Principal Commissioner of Income Tax (PCIT), Kolkata has brought significant clarity regarding the date of acquisition for calculating capital gains under the Income Tax Act, 1961. The Calcutta High Court ruled in […]
Section 194M: TDS Rules for Payments to Resident Contractors
Section 194M: TDS Rules for Payments to Resident Contractors & Professionals Explained In Budget 2019, some important changes were made to income tax rules, including updates to existing sections and the introduction of new TDS provisions. Two key additions were:Section 194M – TDS will be deducted when making payments to resident contractors and professionals. Scroll […]