The Central Board of Direct Taxes ( CBDT ) has recently released Notification No. 19 of 2024 on January 31, 2024, introducing the Income-tax Return Forms ( ITR Form )-…
The West Bengal bench of the Authority for Advance Ruling ( AAR ) observed that printing and supply of textbook to Jharkhand Council of Educational Research and Training ( JCERT…
The Interim Union Budget 2024 presented by Union Finance Minister Nirmala Sitharaman proposed to formalise the hiked Tax Collected at Source (TCS) rates for foreign remittances under the Liberalised Remittance…
In the budget 2024, the Central Government raised Rebate limit from Rs 5 lakh to Rs 7 lakh in New Tax Regime Nirmala Sitharaman proposed to raise the rebate limit…
Top Stories Income Tax Benefit: Budget 2024 Extends Date of Startup LLP/Company Incorporation for S. 80IAC Exemption by One More Year [Read Finance Bill] Eligibility criteria for LLP/Company incorporation for…
Top Stories Budget 2024: The Current New and Old Tax Slabs In the Interim Budget the tax slab rates were kept unchanged for both new and old income tax regimes.…
In the Interim Union Budget 2024 announcement, the Finance Minister, Nirmala Sitharaman, inter alia, proposed the manner of distribution of credit by input service distributors. Input Service Distributor ( ISD…
Top Stories Finance Bill 2024: FM Proposes Amendments to “Input Service Distributor” provisions under CGST Act [Read Finance Bill] The amendments have been introduced to Section 2 and Section 20…
Union Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 before Parliament on February 1st, unveiling key proposals that include significant changes to the existing tax laws. One notable aspect…
Top Stories Loan payments made through bank transfers and not bearer Cheques: ITAT deletes penalty imposed u/s 271E of Income Tax Act [Read Order] ITAT has nullified the penalty imposed…