Category: Income Tax
Discover the key updates in personal taxation from the 2025 Union Budget, including new tax slabs, increased TDS thresholds, and changes in tax compliance measures aimed at simplifying taxpayers' …
Learn about new IT Rule 6GB about conditions and procedure applicable to presumptive taxation regime u/s 44BC for non-residents operating cruise ships, introduced by Finance Act, 2024.
CBDT clarifies zero or benign capital gains tax for investments from Mauritius, Singapore, and Cyprus before April 1, 2017, under updated tax treaties.
Recent amendments to the Direct Tax Vivad Se Vishwas Scheme 2024 remove eligibility barriers for more taxpayers, enabling them to settle income tax disputes by January 31, 2025.
Explore the challenges and updates in India’s faceless tax assessment system. Learn about its impact on taxpayers and potential solutions to improve efficiency.
Learn Income Tax disallowance provisions on cash transactions explained in Part-2 of 'Say No to Cash Transactions' brochure of Income Tax Department.
CBDT has extended the due date for filing of Belated/Revised ITR (AY 2024-25) for Resident Individuals from 31/12/2024 to 15/01/2025 vide Circular 21/2024.
CBDT has issued Notification 2/2024 to clarify the timeline of 30 days for verification after uploading the ITR, effective 01/04/2024.
Explore about the Health and Education Cess Rates applicable under the Income Tax in respect of AY 2024-25 for all types of assessees and taxation schemes.
Discover about the Income Tax Rebate available to Resident Individuals in respect of AY 2024-25 u/s 87A of the Income Tax Act, 1961.