Articles

If you are someone earning a taxable income and yet haven’t filed your Income Tax Return (ITR) in the past few years, you might get in trouble.

Department Flagged High-Risk Non-Filers; You Might Receive a Tax Notice Under Section 148A if You Haven’t Filed Your ITR

Notifications

The Central Board of Direct Taxes (CBDT) has notified Bond of Power Finance Corporation Ltd. under Zero Coupon Bond via issuing a notification.

Govt. notifies Bond of Power Finance Corporation Ltd under Zero Coupon Bond as per Income Tax

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.

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Department Flagged High-Risk Non-Filers; You Might Receive a Tax Notice Under Section 148A if You Haven’t Filed Your ITR

Govt. notifies Bond of Power Finance Corporation Ltd under Zero Coupon Bond as per Income Tax

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