The Interim Budget 2024-2025 was unveiled by Finance Minister Nirmala Sitharaman on Thursday amid a challenging economic climate, including inflation and potential GDP growth slowdown in FY25. The budget, presented in Parliament, aims to expand upon the progress made in previous budgets and the vision...
The Central Board of Direct Taxes (“CBDT”) vide Notification No. 16/2024 dated January 24, 2024 notified the Income Tax Return (“ITR”) Form ITR-6 (For Companies other than companies claiming exemption under section 11) for the Assessment Year (“A.Y.”) 2024-25 with effect from April 01, 2024....
Direct tax receipts will likely show a robust performance for the third year in a row post-pandemic, giving enough space to the Centre to keep the fiscal deficit within the targeted limit....
The Income Tax Department is likely to file an appeal in the Supreme Court (SC) against a Delhi High Court (HC) ruling which declared any IT...
The Central Board of Direct Taxes(CBDT) issued an order vide F. No.225/132/2023/ITA-II dated 1st of December, 2023 regarding processing of income tax returns validly filed...
The Vice President of India, Shri Jagdeep Dhankhar today described Chartered Accountants (CAs) as a finance form of...
The Income Tax Department has issued a reminder for taxpayers about the due date for filing Updated Income Tax Return...
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The government has now made it mandatory for those investing over Rs 10 lakh in post office schemes to provide proof...
The tax exemption on leave encashment of non-government salaried employees...
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