By: AdminDate: August 13, 2024Categories: CBDT, NewsReading Time: 4 Min Introduction Paying income tax is a crucial responsibility for individuals each year. However, concerns have emerged about some income tax…
Direct Tax Collections for FY 2024-25 Surge by 24% to ₹8.13 Lakh Crore as of August 11, 2024
By: AdminDate: August 12, 2024Categories: CBDT Notification | Press ReleaseReading Time: 4 Min As of August 11, 2024, India's gross direct tax collections for FY 2024-25 have reached ₹8.13 lakh…
CBDT Announces Income Tax Exemptions for ‘West Bengal Transport Workers’ Social Security Scheme’ and ‘UIDAI’ u/s 10(46) of IT Act
By: AdminDate: August 12, 2024Categories: CBDT Notification | Press ReleaseReading Time: 4 Min The Central Board of Direct Taxes (CBDT) has issued Notifications Nos. 99 and 100 dated August 13,…
Salaried Employees’ Choice of Tax Regime for FY 2024-25: What You Need to Know
By: Admin |August 10, 2024 | Categories: Income Tax News|News Why Salaried Employees Should Have the Option to Choose Their Tax Regime for TDS in FY 2024-25 Changes in the…
CBDT Chairman Indicates Government May Decriminalize TCS Filing Delays in Finance Bill
By: Admin|August 02, 2024|Categories: Income Tax News|News The Union Budget has introduced various tax simplification measures, aiming to alleviate the compliance burden on taxpayers. One of the key highlights is…
CBDT Chairman Announces ‘Vivad se Vishwas’ Scheme Available for Taxpayers Starting December 31
By: AdminJuly 25, 2024Categories: Income Tax News|News The 'Vivad se Vishwas' scheme, a significant measure introduced in the Indian Budget for settling pending direct tax appeals, is set to make…
CBDT Extends Income Tax Exemptions for Sovereign Wealth and Pension Funds
The Central Board of Direct Taxes (CBDT) has issued Notifications No. 66 to 92/2024 on July 18, 2024, amending previous notifications to extend income tax exemptions for various sovereign wealth…
Delhi High Court Orders Income Tax Exemption for NOIDA under Section 10(46) of the IT Act
By: Admin Date: July 15, 2024 Categories: Income Tax News | News The Delhi High Court has instructed the income tax department to grant an income tax exemption to the…
CBDT Issues Guidelines for Notices Under Section 148 of the Income Tax Act
Date: July 08, 2024Category: CBDT Notification | Income Tax Updates The Central Board of Direct Taxes (CBDT) has issued comprehensive guidelines on June 26, 2024, for issuing notices under Section…