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Income Tax releases Prima Facie Adjustment (PFA) and Defective Notice FAQs for AY 24-25

Income Tax releases Defective Notice FAQs for AY 24-25

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Now relief is proposed to taxpayers to compute the capital gains tax under the new scheme at 12.5% and old scheme at 20% and pay the tax that is lower than the two.

Capital Gain Taxation: Govt brings back indexation benefit on sale of property

Earlier, TDS was not levied on partners' remuneration, interest, or commission. Firms' payments to employees, on the other hand, were subject to TDS.

Section 194T: TDS on Payment by Partnership Firms

The popular savings schemes have seen big drops in collections and subscriber numbers.

New Tax Regime sees Dip in Popular Savings Plans

The Minister of State of Finance has stated that No Proposal to consider Bengaluru Metro-city for HRA Exemption in Income Tax.

No Proposal to consider Bengaluru Metro-city for HRA Exemption in Income Tax

AMFI requests that the Finance Minister extend the grandfathering of indexation benefits for debt mutual funds until July 2024 to protect investors from retrospective taxation.

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Income Tax releases Defective Notice FAQs for AY 24-25

Capital Gain Taxation: Govt brings back indexation benefit on sale of property

Section 194T: TDS on Payment by Partnership Firms

New Tax Regime sees Dip in Popular Savings Plans

No Proposal to consider Bengaluru Metro-city for HRA Exemption in Income Tax

Extend grandfathering of Indexation Benefit to Debt Mutual Funds till July 2024: AMFI