Taxpayers in India are increasingly utilizing the provision of appointing an authorized representative to manage their income-tax return (ITR) filings and related proceedings. As of 2024, the Income Tax Act…
With the July 31 deadline for filing Income Tax Returns (ITR) for the assessment year 2024-25 rapidly approaching, taxpayers across India are facing a critical window to submit their documents…
A Definitive Ruling on Tax DeductibilityThe Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling, confirming that businesses may claim a bad debt deduction once…