News

Currently, there is a misconception going on related to TDS. This misconception is that TDS on all rent is reduced to 2%.

Finance Act 2024: TDS on all rent not reduced to 2%

In a big relief to employers, the Centre has eased the restrictions for companies to deposit Tax Deducted at Source (TDS) on employee's salaries.

TDS Deposit rules for Salaried Employers relaxed from 1st Oct; Know More

Circulars

CBDT has issued circular on Condonation of Delay for Income Tax Refund and Carry forward of Loss notifying new limits for processing Condonation of Delay Applications.

CBDT circular on Condonation of Delay for Income Tax Refund and Carry forward of Loss

The Supreme Court has decided matter in favour of Income Tax Department where, around 90000 Income Tax reassessment notices issued under old regime between 1st April and 30th June 2021, for assessment years 2013-14 to 2017-18 have been upheld.

Setback for Taxpayers: 90000 Tax reassessment notices issued under old regime upheld by SC

Articles

Govt. proposed inviting recommendations on the Income Tax Act of 1961 from the private sector and tax experts beginning in October.

Income Tax Act Simplification: Govt to Invite Suggestions from Industry

Income Tax Department has imposed, penalty of Rs 2.77 Crores for Inaccurate Income Reporting.

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Finance Act 2024: TDS on all rent not reduced to 2%

TDS Deposit rules for Salaried Employers relaxed from 1st Oct; Know More

CBDT circular on Condonation of Delay for Income Tax Refund and Carry forward of Loss

Setback for Taxpayers: 90000 Tax reassessment notices issued under old regime upheld by SC

Income Tax Act Simplification: Govt to Invite Suggestions from Industry

Yes Bank Penalized Rs 2.77 Crore by Income Tax Department for Inaccurate Income Reporting