Articles

The Minister Pankaj Chaudhary replied to a question asked in Lok Sabha said, "There is a reduction in tax rates and an increase in standard deduction for salaried individuals.".

Reduction in Tax Rates and Increase in Standard Deduction for Salaried Individuals

Currently, partnership firms and LLPs do not deduct TDS on payments made to their partners. TDS is only applicable when payments are made to employees of the firm

Section 194T: Understanding TDS on Partner Payments by Firms

News

The Minister Pankaj Chaudhary, in a written response to a question asked in Lok Sabha, said, "Income-tax Bill 2025 in the public domain is appreciated and well-received.".

Income Tax Bill 2025 in Public Domain Appreciated and Well-Received

The Income Tax Department has launched a particular initiative to streamline income tax rules and forms.

Tax Department launches a Suggestion Window to invite Suggestions for Simplifying Tax Rules and Forms

The recently tabled Income-tax Bill seeks to provide tax officials more access to virtual spaces, including social media websites, trading and investment online accounts, banking sites, and email servers.

New Income Tax Bill 2025: Defining Virtual Digital Space for Searches and Seizures

Notifications

CBDT has granted income tax exemption to Delhi Building Construction Workers Welfare Board u/s 10(46A) via issuing a Notification.

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Reduction in Tax Rates and Increase in Standard Deduction for Salaried Individuals

Section 194T: Understanding TDS on Partner Payments by Firms

Income Tax Bill 2025 in Public Domain Appreciated and Well-Received

Tax Department launches a Suggestion Window to invite Suggestions for Simplifying Tax Rules and Forms

New Income Tax Bill 2025: Defining Virtual Digital Space for Searches and Seizures

Income Tax Exemption granted to Delhi Building Construction Workers Welfare Board u/s 10(46A)