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CBDT stated that all Indian nationals do not need to obtain a tax clearance certificate before travelling to foreign countries.

No need for a Tax Clearance Certificate for most Travelling Abroad: CBDT clarifies

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Individuals receive an intimation notice from the IT department after processing of ITR. Know how to reply to this notice.

Know How to reply Section 143(1) Income Tax Notice received after filing ITR

After the union budget extended the income tax gap between PMS and MF, many believe that HNI investors will be enticed to shift their investments to mutual funds.

New Income Tax Rules: Will it Encourage Crorepati Investors to shift from PMS to Mutual Fund?

The Finance Ministry has exempted the income of the Unique Identification Authority of India (UIDAI) from income tax payments.

Finance Ministry exempts UIDAI from Payment of Income Tax for 5 Years

IT department is considering broadening the scope of data sharing across various institutions and decreasing the threshold for reporting financial transactions below Rs. 10 lakh.

More Institutions asked to Share Specified Financial Transactions below Rs.10 Lakh per annum with IT Dept

Section 206C(1F) of the Income Tax Act explicitly addresses TCS on the sale of motor vehicles. Buying luxurious goods will also attract TCS under Section 206C(1F) w.e.f. 01st January 2025.

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No need for a Tax Clearance Certificate for most Travelling Abroad: CBDT clarifies

Know How to reply Section 143(1) Income Tax Notice received after filing ITR

New Income Tax Rules: Will it Encourage Crorepati Investors to shift from PMS to Mutual Fund?

Finance Ministry exempts UIDAI from Payment of Income Tax for 5 Years

More Institutions asked to Share Specified Financial Transactions below Rs.10 Lakh per annum with IT Dept

Section 206C(1F): TCS on Luxury Goods and Cars