Tax Guru

ITAT Allows Refund of DDT Above 10% Treaty Rate Under India–Switzerland DTAA

ITAT directed refund of DDT paid above the 10% rate under Article 10 of the India–Switzerland DTAA, following the jurisdictional High ...

Key factors to consider before choosing old vs new tax regime, expert explains

One of the main errors taxpayers commit is electing a tax regime which is only beneficial in the current year.
Tax Guru

HRA Exemption not Deniable When Employer Pays Rent & Recovers It from Employee: Gujarat HC

Gujarat HC restored HRA exemption under Section 10(13A), holding that employer-paid rent recovered from the employee qualifies as actual rent ...

FPIs not exempt: Centre clarifies 12.5% LTCG tax on equity is same as for domestic investors

Both FPIs and domestic investors continue to pay 12.5% LTCG tax on Indian equities. The exemption announced through the ...

Allahabad HC judge challenges denial of exemption under new tax regime

Act, 1954, exempts from income tax the value of a high court judge’s official residence, conveyance facilities, sumptuary ...