Taxation
Taxation
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How to Check Fake Summons from CBIC Site: Step-by-Step Guide to Verification
Taxpayers in India can now easily verify any official communication, including summons, from the Directorate General of GST Intelligence (DGGI)…
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CBDT Notifies Conditions for Applicability of Presumptive Taxation Regime for Non-Resident Cruise Ship Operators under Finance (No. 2) Act, 2024
In a significant move aimed at bolstering the cruise tourism industry in India, the Central Board of Direct Taxes (CBDT)…
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Budget 2025: Calls to Raise Income Tax Exemption Threshold to Rs 5.7 Lakh and Simplify TDS
As the Union Budget 2025 approaches, there are growing calls for significant reforms to India’s income tax system. Tax experts…
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Salaried Employees Need to Submit Investment, Expenditure Proofs to Employer to Avoid Full TDS on Salary
As the financial year progresses, salaried employees need to submit investment and expenditure proofs to their employers to avoid full…
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Indian Govt’s New PAN 2.0 Project: New Pan Card With QR Code
The Indian Government has officially launched the PAN 2.0 project, an innovative initiative aimed at upgrading the existing Permanent Account…
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CBDT Extends Income Tax Audit Report Filing Due Date to October 7, 2024
The Central Board of Direct Taxes (CBDT) has announced a significant extension for filing various audit reports related to the…
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Who Needs to Get a Tax Clearance Certificate to Travel Abroad?
Recent changes to India’s tax laws have caused some confusion about who needs to obtain a tax clearance certificate before…
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Last Call: No Extension for I.T.R Filing Deadline – Hurry Up!
The Income Tax Return (ITR) filing deadline for the financial year 2023-24 (Assessment Year 2024-25) is set for July 31,…
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Budget 2024: 10 Key Changes to TDS and TCS That Will Impact Your Finances
The Union Budget 2024-25 has introduced several significant changes to the Tax Deducted at Source (TDS) and Tax Collected at…
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Highlights of The Union Budget 2024-25
Union Budget 2024-25: Key Highlights and Initiatives Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on July 23, 2024,…
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