Profit-making educational institutions are not allowed to claim Tax Exemption under Section 10(23C) : Supreme Court 

Profit-making educational institutions are not allowed to get claim Tax Exemption under Section 10(23C) : Supreme Court

Income tax: what is it?  Every person’s income is subject to this tax, which is imposed by the Indian government. The Income Tax Act, 1961 contains the rules controlling income...

Addition made by Income Tax Officer was not sustainable merely on the basis of entries in Foreign Bank Account – ITAT Surat Bench

Addition made by Income Tax Officer was not sustainable merely on the basis of entries in bank account maintained with HSBC Bank, Geneva, Switzerland  ITO Vs. Alkesh Pratap Chandra Bhansali...

Additional Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income-tax Act, 1961

Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961 (hereinafter referred to as “the Act”) with effect from 1 st July 2022. 2. The new section...