The alternative minimum tax (AMT) is a separate way to calculate taxes that makes sure high-income earners pay at least a ...

Many NRIs using Double Taxation Avoidance Agreement (DTAA) are getting Income Tax notices for claiming benefit of lower or ...

The Revenue maintained that the employer-employee relationship between the seconded employees and Walmart Inc. continued, making the payments taxable under Section 195. However, Flipkart argued that ...

ITAT Bangalore held that addition under section 28 (iv) of the Income Tax Act for receiving fixed assets from sister concern on free of cost basis unjustified as no benefit is derived from the same.

As a result, you will be classified as a resident under the Income Tax Act, 1961 ... under the double taxation avoidance agreements (DTAA), where applicable, for foreign income deemed to accrue ...

UBTI is income earned by a tax-exempt entity from activities unrelated to its exempt purpose. Unrelated Business Taxable Income (UBTI) is the income earned by a tax-exempt entity from activities ...

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...

Around 170 people were swiftly evacuated after a fire broke out during the screening of the movie ‘Chhaava’ at PVR Cinemas at the Select CityWalk mall in Saket, New Delhi, on Wednesday.

It’s ideal for filers with moderate tax situations—those who need more than the basics but don’t have self-employment or business income. This is a solid choice if you want an easy ...