Income Tax department
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CAIT demands deferment of IT Act clause related to MSMEs
PTI -
The clause in the Income Tax Act added through the Finance Act 2023 is aimed at addressing the issue of working capital scarcity in the MSME industry and promoting prompt payments to micro and small businessesNew Delhi: Representatives of...
Finance & Funding
Colgate Palmolive gets Rs 170 crore Transfer Pricing Order from Income Tax authorities
PTI -
The Transfer Pricing Order is for the financial year 2021-22New Delhi: Leading oral care products maker Colgate-Palmolive (India) has received a Rs 170 crore Transfer Pricing Order from Income Tax authorities disallowing 'certain' international transactions.The Transfer Pricing Order is...
Latest News
No tax levy if cash payment for goods, services is less than Rs 2 lakh, clarifies CBDT
PTI -
CBDT has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods or services is less than Rs 2 lakh, even when the...
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Abcoffee expands to Hyderabad
Abcoffee marked its entry into Hyderabad by launching 7 outlets in one go, doubling its footprint in South India...
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