The Finance Act, 2023 introduced Clause (h) under Section 43B of the Income Tax Act, which disallows deduction for payments due to Micro and Small Enterprises (MSEs) if not made within the prescribed ...

Many NRIs using Double Taxation Avoidance Agreement (DTAA) are getting Income Tax notices for claiming benefit of lower or nil rate of tax, know how to get out of this problem ...

On perusal of the Intimation order u/s 143 (1) of the Act dated 01.12.2023, it is observed that the claim of tax relief of Rs.34,09,987/- Under Section 90/90A of the IT Act was disallowed.

This would mark a significant shift in longstanding IRS policy, which has traditionally kept taxpayer information strictly confidential.

One pretty important thing has to do with the privacy of IRS records, your tax returns ... They’re also creating an ‘agreement’ through which the Department of Homeland Security can request ...