HC asks Binoy Kodiyeri to file IT returns
The Kerala High Court on Thursday asked Binoy Kodiyeri, the elder son of former State secretary of the CPI(M) late Kodiyeri Balakrishnan, to file income tax returns for the assessment years 2015-16 to 2021-22. Read more.
Section 43B(h): Is Finance Ministry revising the new rule for payment to MSMEs within 45 days?
Section 43B amended under the Income Tax Act to insert Clause (h) by the Finance Act of 2023 to address the issue of delayed payments faced by MSMEs from their buyers is likely to be revised by the government. Read more
CBDT notifies Karnataka Urban Water Supply and Drainage Board for the exemption
CBDT issued Notification No. 26/2024/F. No. 300196/12/2019-ITA-I dated 01.03.2024. It notifies Karnataka Urban Water Supply and Drainage Board’ (PAN AAAGU0671E) for the purpose of exemption under clause (46) of section 10 of Income Tax, Act 1961 to in respect of specified income. Read more
SC rules companies need not deduct tax for discounted SIM cards sales
The Supreme Court on Wednesday said that telecom companies need not deduct tax for selling discounted pre-paid SIM cards/recharge vouchers to distributors. Read more
SML Isuzu faces INR 11.56 Lakh Penalty from Income Tax Department
In compliance with the Securities and Exchange Board of India (SEBI) regulations, a recent development has come to light regarding a penalty imposed on SML Isuzu by the Income Tax Department. Read more
Share this content:
