Discover the latest CBDT Notifications Nos. 94 and 95 issued on July 24, 2024, granting income tax exemptions under Section 10(46) of the Income-tax Act, 1961. Organizations benefiting include the Punjab Skill Development Mission Society, Chandigarh, Himachal Pradesh State Load Despatch Centre, Shimla, and SAMEER,...
The Indian Chamber of Commerce (ICC) calls on the government to establish a commission for a comprehensive review of the Income Tax Act 1961 and proposes customs duties restructuring in key sectors to boost domestic manufacturing. ...
On July 18, 2024, the CBDT issued Notifications No. 54 to 65/2024, extending income tax exemptions under Section 10(23FE) of the Income Tax Act, 1961, for various sovereign wealth and pension funds to March 31, 2025. Read more for detailed amendments. ...
Discover the latest guidelines from CBDT on issuing notices under Section 148 of the Income Tax Act. Learn about the credible information requirement, approval for extended cases, enclosures, show cause notices, and time limits. ...
Learn who is required to pay advance tax in India, including income thresholds and special conditions for senior citizens and those under the presumptive scheme. ...
Avoid higher TDS by linking your PAN with Aadhaar by May 31, 2024. The Income Tax Department issues a crucial reminder to all taxpayers. ...
Unlock the potential of Section 43B to minimize your tax liability. Explore deductible business expenses and stay ahead of the game in tax planning. ...
Explore the nuances of Tax Collected at Source (TCS) in India's tax system, focusing on purchases exceeding ₹50 lakhs. Learn how TCS differs from Tax Deducted at Source (TDS), who bears the responsibility, and key considerations for businesses to ensure compliance and mitigate penalties....
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