Tax Guru

Section 36(1)(iii) Interest Disallowance Deleted on Loan to Wholly Owned Subsidiary: ITAT Delhi

ITAT Delhi deleted Section 36(1)(iii) interest disallowance, holding interest-free loans to a wholly owned subsidiary were advanced for business ...
Tax Guru

Section 69A Addition Remanded for Fresh Verification After Opportunity Denied: ITAT Bangalore

ITAT Bangalore restored the Section 69A addition to the AO after holding the assessee lacked adequate opportunity to substantiate cash ...
Indiatimes

Fresh Trump tariff threat looms: What is India’s strong stand on US Section 301 probe that proposes 12.5% duties? Explained

The Donald Trump administration's Section 301 probe and threat of fresh tariffs has added a layer of uncertainty for several countries including India.The United States Trade Representative (USTR) has ...
Mint

Income-tax returns: How much rebate can you claim under Section 87A? Eligibility and rules explained

Currently, Section 87A allows individuals to claim a rebate of up to ₹12,500 under the old tax regime and up to ₹60,000 under the new tax regime. AI Quick Read Income-tax returns: The income-tax ...