By: Admin|July 29, 2024|Categories: GST Recent News As taxpayers navigate the complexities of India’s tax system, a significant trend is emerging regarding the distribution of tax revenue collections between the…
Revenue Secretary Announces Revised Direct Tax Code Draft to be Ready in 6 Months
By: AdminJuly 26, 2024Categories: Income Tax News|News4 Min Read The Indian government is set to embark on a significant overhaul of the Direct Tax Code (DTC) in the coming months.…
Income Tax Portal Upgraded: July 31 Deadline for I-T Returns Likely to Remain
By: AdminJuly 26, 2024Categories: Income Tax News|News4 Min Read As the deadline for filing Income Tax (I-T) returns approaches on July 31, 2024, the Central Board of Direct Taxes (CBDT)…
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…
NAREDCO Proposes Rs 5 Lakh Home Loan Interest Tax Exemption Limit Increase
By: AdminJuly 18, 2024Categories: Income Tax News|News4 Min Read Boosting Housing Demand: NAREDCO Calls for Rs 5 Lakh Tax Exemption on Home Loan Interest In a bid to stimulate the…
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…