20 Jun Govt may raise tax exemption limit to Rs 5 lakh
The government is considering raising the tax exemption limit to Rs 5 lakh in the new regime, aiming to boost consumption by providing more disposable income to lower earners. ...
Tax Reform Tag
06 May Broaden GST Net, Cut Cesses: Boosting Revenue and Reducing Tax Burden
Discover how decisive actions and reforms can enhance GST revenue, reduce tax burden, and propel economic growth. Learn about the latest surge in GST collections and the imperative need for GST reforms. ...
15 Apr Taxpayers Get Choice in Valuing Startup Investments (Angel Tax)
The Delhi High Court ruled in favor of taxpayers, allowing them to select the method for valuing investments received from angel investors....
15 Apr Income Tax Department Cracks Down on Unfiled Returns: 1.52 Crore Individuals Targeted
The Income Tax Department is launching a campaign to target individuals who haven't filed their income tax returns (ITR) despite meeting filing requirements....
06 Apr Income Tax Returns Now Invalid if Not Verified Within 30 Days or by Due Date, Whichever Is Later
The CBDT issued Corrigendum dated April 04, 2024 to Notification No. 02 of 2024 dated March 31, 2024 regarding the Time limit for verification of return of income after uploading....
06 Apr Income Tax Department enabled the Form 10IE for AY 2024-25 for filing on the income tax e-filing portal
The Income Tax Department has enabled Form 10IE for AY 2024-25 for filing on the income tax e-filing portal....
06 Apr Delhi GST Department: Biweekly Registration Slots & Clarifications for CAs/Advocates
The Delhi GST Department recently issued Public Notice No. F. Circular/CRC/DT&T/2024/249-255 on April 04, 2024, addressing the process of GST new registrations....
30 Mar Madras High Court Strikes Down Excessive GST Demand on Trade Payables
The Madras High Court invalidated the order demanding payment concerning all trade payables, asserting that it exceeded the boundaries outlined in the original show cause notice....
15 Mar Introduction to Revised GST Returns and Future Implementation
A recent advancement in the taxation system promises to equip taxpayers with a valuable tool known as the ability to file revised Goods and Services Tax (GST) returns. This transformative change, set to take effect from 2025, aims to streamline the tax filing process and...
14 Mar Revisions to TDS Sections 194R and 194S in the Income Tax Act, 1961
Section 194R, introduced as part of the Finance Act 2022, addresses the taxation of benefits or perks associated with business or professional activities and the subsequent deduction of taxes....
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