News

Net direct tax collections in 2024-25 (until March 16, 2025) increased 13% to Rs.21.26 lakh crore, up from Rs.18.80 lakh crore in the same previous year.

Net Direct Tax Collections rise 13% to Rs.21.27 Lakh Crore in FY25

Bollywood actor and superstar Amitabh Bachchan paid Rs.120 crore in income tax in FY24-25, which made him the highest tax-paying celebrity in India.

Amitabh Bachchan becomes one of India’s highest Tax-Paying Celebrity; Paid Rs.120 Crore Income Tax in FY 2024-25

Circulars

The Central Board of Direct Taxes (CBDT) has issued a Circular on FAQs relating to Revised Guidelines for Compounding of Offences under Income Tax Act of 1961.

CBDT issues Circular on FAQs related to Revised Guidelines for Compounding of Offences under Income Tax Act of 1961

Articles

Section 80C of the Income Tax Act, 1961, helps to save taxes by making smart investments. It allows to reduce taxable income while also growing money through various investment options

Maximize Your Savings: A Complete Guide to Tax Benefits Under Section 80C

TDS on Partnership Firm u/s 194T is applicable from 1st April 2025. Firms are required to apply for TAN for That for due compliance.

TDS on Partnership Firm u/s 194T: Firms should apply TAN before 1st April

From April 1, 2025, the Finance (No. 2) Act, 2024 will bring two major income tax changes for partnership firms, including LLPs.

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Net Direct Tax Collections rise 13% to Rs.21.27 Lakh Crore in FY25

Amitabh Bachchan becomes one of India’s highest Tax-Paying Celebrity; Paid Rs.120 Crore Income Tax in FY 2024-25

CBDT issues Circular on FAQs related to Revised Guidelines for Compounding of Offences under Income Tax Act of 1961

Maximize Your Savings: A Complete Guide to Tax Benefits Under Section 80C

TDS on Partnership Firm u/s 194T: Firms should apply TAN before 1st April

Key Income Tax Changes for Partnership Firms Starting April 1, 2025