To be able to claim income tax deduction for FY 2024-25, taxpayers must invest in a tax saving scheme given in the relevant sections of Income Tax Act prior to March 31 Income Tax: Investors are ...

but the tax officer reassessed it as Rs 84.17 crore and denied him foreign tax credit (FTC) for taxes paid in the UK. Listen to Story Shah Rukh Khan wins tax case as ITAT gave ruling in his favour The ...

Fake input tax credit (ITC) claims detection by central GST officers increased 51 per cent to Rs 36,374 crore in 2023-24, Parliament was informed on Monday. Minister of State for Finance Pankaj ...

framework in India includes various mechanisms to ensure seamless tax credit flow across different branches of a business. One such mechanism is the Input Service Distributor (ISD). An ISD is a ...

Under the principle of consumption tax, businesses generally are granted input tax credits, ensuring that the tax burden is shifted progressively to the final consumer. However, by splitting VAT ...

Residents of southwest North Dakota are invited to submit photos of the veterans in their families, or photos they took while serving in the military. With a goal of including more than 100 photos ...

A Queen sends the powerful and feared sorceress Gray Alys to the ghostly wilderness of the Lost Lands in search of a magical power, where the sorceress and her guide, the drifter Boyce, must ...

The Additional Child Tax Credit (ACTC) is the refundable portion of the Child Tax Credit, but only if you claim it. What Is the Additional Child Tax Credit? The Additional Child Tax Credit (ACTC ...

But taxpayers who claimed the Earned Income Tax Credit or the Additional Child Tax Credit will need to wait a bit longer. “By law, we can’t issue EITC or ACTC refunds before mid-February ...

Gurgaon: The anti-evasion wing of CGST arrested two persons on Wednesday in connection with a fraudulent claim of input tax credit (ITC). The companies were engaged in paper trading to cheat the ...