UAE-based taxpayer earned Rs 4 crore income in India on which TDS was deducted but he didn't file ITR, got tax notice; wins case in ITAT Delhi

In a recent development, a taxpayer residing in the UAE with an income of Rs 4 crore from India found themselves in a ...
CNBCTV18

Buying a car worth over ₹10 lakh? All you need to know about 1% TCS and how to claim Income Tax refund

The TCS amount will, by default, appear in the 'Taxes Paid' part of your ITR for the relevant financial year. All you have to ...
Tax Guru

Deduction Upheld Despite Late Filing of Audit Form Under Section 80IAC

ITAT Delhi rules that delay in uploading Form 10CCB is procedural, not substantive. Start-ups can claim 80IAC deduction if the audit is completed on time and filed before assessment ...
Tax Guru

Routine Business Cash Deposits Not Taxable Despite No ITR

ITAT Ahmedabad rules routine cash deposits of small traders cannot be treated as unexplained income under Section 69A, even if no return is ...