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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

With the start of the New Year, the Union Budget 2025 approaching, trade associations and tax professionals anticipate significant changes to the GST regime.

Trade Associations and Tax Professionals Demand for GST Reforms in Union Budget 2025

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]

The deadline for filing the GST annual return for FY 2023-24 is December 31, 2024. Registered taxpayers under GST have to file this form to combine their annual transactions and ensure compliance.

GST Return Deadline: Last Date to File GST Annual Return Today; What happens if you miss it?

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.

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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

Trade Associations and Tax Professionals Demand for GST Reforms in Union Budget 2025

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

GST Return Deadline: Last Date to File GST Annual Return Today; What happens if you miss it?

Income Tax Due Date Calendar for January 2025