Tag: Tax
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Pre-Deposit For Income Tax Appeal
In a move to ease the financial burden on businesses and improve cash flow, tax experts are urging the government to relax the pre-deposit...
Reassessment Can’t Be Invoked On The Basis Of Search Action: Bombay High Court
The Bombay High Court has held that the reassessment cannot be invoked on the basis of search action.The bench of Justice G. S. Kulkarni...
DRI Busts 7 Fake Indian Currency Note Modules Across India; 9 Arrested
The Directorate of Revenue Intelligence (DRI) in its crusade against facilities engaged in printing of Fake Indian Currency Notes (FICN), busted seven more modules...
ITC Benefit Can’t Be Reduced Without Statutory Sanction: Supreme Court
The Supreme Court has held that the benefit of input tax credit cannot be reduced without statutory sanction.The bench of Justice Ujjal Bhuyan has...
New Income Tax Rules For Salaried Employees – TDS, Form 16, and Tax Slabs Updated
The Central Board of Direct Taxes (CBDT) has issued Circular No. 03/2025, dated February 20, 2025 notifying the income-tax deduction from salaries during the...