Reasons for Extending the Income Tax Return Filing Date
The All Gujarat Federation of Tax Consultants and the Income Tax Bar Association have requested an extension of the Income Tax Return (ITR) filing deadline for the Assessment Year (AY)…
Angel Tax Eliminated for All Investor Classes
Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, announced the abolition of the 'angel tax' for all investor classes while presenting the Union Budget 2024-25 in Parliament today.…
FAQs Issued by CBDT on the New Capital Gains Tax Regime Proposed in the Union Budget 2024-25
FREQUENTLY ASKED QUESTIONS (FAQs) What are the major changes brought about in the taxation of capital gains by the Finance (No.2) Bill, 2024? The taxation of capital gains has been…
Pathway of Viksit Bharat
The Union Budget 2024-25 delineates a visionary roadmap for transforming India into a developed nation, termed "Viksit Bharat." This strategy encompasses nine pivotal priorities designed to generate abundant opportunities for…
Transitioning from Old to New Tax Regime Post Budget 2024
Budget 2024 has introduced significant changes to the new tax regime, offering increased tax relief by revising income tax slabs and enhancing standard deductions. Taxpayers now face a crucial decision:…
Vivad se Vishwas 2.0: Settlement Made Easy
Vivad se Vishwas Scheme 2024 (VVS 2024) aims to streamline the resolution of long-pending tax disputes at the Commissioner (Appeals) level, building on the success of its 2020 predecessor. This…
ITR Filing FY 2023-24: Nearly 50% of Taxpayers Yet to File Due to Website Issues
For the financial year 2023-24, there have been significant issues with the Income Tax Return (ITR) filing process in India. Nearly 50% of taxpayers have not yet filed their returns,…
What to Do If TDS Is Not Correct in 26AS?
Tax Deducted at Source (TDS) is a crucial aspect of tax compliance in India. Both Form 16 and Form 26AS are essential documents for filing Income Tax Returns (ITR). Form…
Bisleri Fined for Selling Contaminated Water Bottle
NCDRC Orders Bisleri to Pay Rs 25,000 for Selling Contaminated Water Bottle
Supreme Court Issues Notice on Complaint on Privacy violation by Credit Score Companies
Supreme Court Issues Notice on Complaint on Privacy violation by Credit Score Companies