Partnership firms face a new reality as they are now required to calculate TDS on payments to partners exceeding ₹20,000.

Chokalingam Srinivasan filed a writ petition with the Madras High Court, challenging an assessment order from the Deputy State Tax Officer I, citing a violation of natural justice principles. The ...

Form 10B is not just a routine form— it’s the gateway to exemption for charitable and religious institutions under the Income Tax Act. Trusts must maintain proper books of accounts and ensure timely ...

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