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…
7.28 Crore ITRs Filed for AY 2024-25 by July 31, 2024: Key Insights
By: Admin|August 02, 2024|Categories: Important News|Income Tax|Press Release The Income Tax Department has reported a historic achievement, with over 7.28 crore Income Tax Returns (ITRs) filed for the Assessment Year…
How Many Days to Receive Tax Refunds After ‘ITR Processed’ Message from the Income Tax Department?
By: AdminAugust 02, 2024Categories: Income Tax News|News The Income Tax Department has announced that it will not extend the deadline for taxpayers to file their income tax returns (ITRs), despite…
Gross Tax Revenue Surges 24%, Significantly Exceeds Budget Projections
By: AdminAugust 02, 2024Categories: TAX News The Indian government's fiscal performance for the first quarter of FY25 reveals significant growth in gross tax revenue (GTR), with figures reaching *Rs 8.31…
Hindustan Zinc Faces Rs 1,170-Crore Tax Demand; Company Plans to Appeal Notice
By: Admin|July 31, 2024|Categories: Income Tax News|News On July 30, Hindustan Zinc, a prominent subsidiary of Vedanta, received a significant tax demand notice amounting to Rs 1,170 crore, inclusive of…
Government Reviewing Reintroduction of 15% Tax for New Units in FY26 Budget
By: Admin|July 30, 2024|Categories: Income Tax News|News The government is currently reviewing the outcomes of the 15% concessional corporate tax rate scheme, which concluded on March 31. Official sources have…
Bombay HC Orders BMC to Refund ₹9.91 Cr Deducted as TDS to Builder
By: Admin|July 29, 2024|Categories: Income Tax News | News The Bombay High Court on Thursday directed the Brihanmumbai Municipal Corporation (BMC) to refund ₹9.92 crore to the Bombay Real Estate…
Tax Certificate Not Mandatory for All Travelling Abroad: Finance Ministry Clarification
By: Admin| July 29, 2024| Categories: Income Tax News | News 4 Min Read The Union Finance Ministry on Sunday clarified that a tax certificate is mandatory only for Indians…
Removal of Angel Tax for Startups to Help Attract Investors: Piyush Goyal
By: Admin |July 29, 2024 |Categories: Income Tax News Commerce and Industry Minister Piyush Goyal announced on Sunday that the removal of the angel tax, which was introduced in 2012…
GST Exemption Denied on University Affiliation Fees by Mumbai State Tax Authorities Amid Rising Concerns
By: Admin|July 29, 2024|Categories: GST Recent News In recent developments, the taxation of affiliation fees imposed on public universities in our state has sparked significant debate and concern. Despite requests…