The company expressed confidence in its position, stating that it has strong grounds to challenge the order and is taking ...

Swiggy said it has a strong case on merits and will be filing an appeal against the order before the appropriate authority.

The Finance Act, 2023 introduced Clause (h) under Section 43B of the Income Tax Act, which disallows deduction for payments due to Micro and Small Enterprises (MSEs) if not made within the prescribed ...

If a business cancels some or all of a debt you legitimately owe, you may have to pay income tax on the forgiven sum. Here’s when a forgiven debt can trigger an extra income tax ...

ITAT Surat held that interest paid in respect of business profit attributable to section 80P (2) of the Income Tax Act is allowable. Accordingly, AO directed to consider direct nexus of interest paid ...

The April 1, 2025, deadline for required minimum distributions (RMDs) is fast approaching for retirees who turned 73 in 2024.