Modi’s Counter to Trump’s Move – The Digital Tax

Modi’s Counter to Trump’s Move – The Digital Tax Many friends have asked me to write in detail about the digital tax, calling it Modi’s counterstroke to Trump’s move. There are several American businesses operating in India that do not pay any tax here. They earn their revenue from India but take all their profits…

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Big setback for Congress- Congress’ Appeal Against Tax Demand Of Rs 199 Crore Dismissed By Tribunal.

Big setback for Congress- Congress’ Appeal Against Tax Demand Of Rs 199 Crore Dismissed By Tribunal. The Income Tax Appellate Tribunal or ITAT has dismissed the party’s claim for exemption due to late filing of IT returns and violations of cash donation limits. In a setback for the Congress party, the Income Tax Appellate Tribunal…

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Importance of PAN Number under Income Tax

Importance of PAN Number under Income Tax A PAN card is a significant proof of identification and helps the government maintain transparency in all economic transactions. Whether you plan to open a bank account, make investments, buy property, apply for loans, or file tax returns – you will need a PAN card almost everywhere When…

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Income Tax Department Crackdown on Bogus Deductions & Exemptions

🚨 Income Tax Department Crackdown on Bogus Deductions & Exemptions 🚨 The Income Tax Department has initiated a large-scale verification drive across India to detect and act against fraudulent claims in ITRs. The misuse of deductions under sections like 10(13A), 80C, 80D, 80G, 80EE, etc., often facilitated by intermediaries, is under scrutiny. Key highlights:✅ 40,000…

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