News

Buying luxurious goods like as Branded Handbags and watches, and so on will attract TCS w.e.f. 1st Jan if the cost of the luxury goods exceeds Rs.10 lakh.

TCS on Luxury Goods and Cars from 1st January 2025

Circulars

The Income Tax Department has extended the deadline for the Vivad Se Vishwas Scheme 2024, offering taxpayers another chance to resolve disputes at lower tax rates.

Income Tax Relief: CBDT extended Vivad Se Vishwas Scheme Deadline to January 31st

CBDT has extended the due date for furnishing belated/revised return of income for the Assessment Year 2024-25 in certain cases.

BREAKING: CBDT extended Due Date for Filing Belated/Revised ITR for AY 2024-25 [Read Circular]

As we are going to enter into the new financial year, taxpayers and organisations should keep note of key dates in the Income Tax Calendar for January 2025.

Income Tax Due Date Calendar for January 2025

If you frequently use the Digi Yatra app but do not file income tax returns, you should expect to receive a notice from the tax authorities.

Tax Authority would use Digi Yatra data to hunt down Evaders

Apex engineering exports promotion body EEPC India proposed introducing a 25% income tax slab for MSME manufacturing units that are partnerships, LLPs, or sole proprietorships etc.

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TCS on Luxury Goods and Cars from 1st January 2025

Income Tax Relief: CBDT extended Vivad Se Vishwas Scheme Deadline to January 31st

BREAKING: CBDT extended Due Date for Filing Belated/Revised ITR for AY 2024-25 [Read Circular]

Income Tax Due Date Calendar for January 2025

Tax Authority would use Digi Yatra data to hunt down Evaders

EEPC India recommends a 25% Income Tax Slab for MSMEs in Budget Proposal