The Income Tax (IT) Department conducted simultaneous raids on multiple locations connected to the SN Mohanty Group, a prominent mining company, over allegations of multi-crore tax evasion. Key Details of…
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…
FM’s Comprehensive Review of Income Tax Act 1961: Budget 2024 LIVE
By: AdminJuly 23, 2024Categories: budget 2024-25 Comprehensive Review of Income Tax Act 1961: FM's Proposals for Budget 2024 In a landmark move, the Finance Minister has unveiled a comprehensive review…
Budget 2024 Expectations: Raise Basic Income Exemption Limit to Rs 5 Lakh and Standard Deduction to Rs 1 Lakh
By: AdminJuly 22, 2024Categories: Income Tax News|News To cater to individual taxpayers left disappointed after Finance Minister Nirmala Sitharaman refrained from announcing tax sops in interim Budget 2024, hopes now…
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…
Telangana HC Questions State Funding of CM and Ministers’ Income Tax
By: AdminJuly 18, 2024Categories: Income Tax News|News4 Min Read Challenging Taxpayer Funds: PIL Questions State Payment of Officials' Income Tax In a significant legal development, the Telangana High Court has…
ITR Due Date Extension AY 2024-25: Will Income Tax Return Filing Deadline Be Extended Beyond July 31?
By: Admin July 17, 2024 Categories: Income Tax News | News As the income tax return filing deadline of July 31 approaches, individual taxpayers and tax professionals have requested an…
Tax Practitioners Urge Govt to Rationalise Personal Income Tax
By: Admin July 16, 2024 Categories: Income Tax | Income Tax News | News A direct tax practitioners' body has urged the government to reduce the personal income tax burden…
Budget 2024: Lower GST Demand Listed by Delhi Market Association Officials
By: Admin July 16, 2024 Categories: GST Recent News As the Union Budget 2024-25 approaches on July 23, various stakeholders, including the Delhi Market Association, are presenting their proposals and…
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…