News

New Income Tax Bill to Replace 1961 Act is likely to introduced this week.

New Income Tax Bill to Replace 1961 Act: Aims for Simplicity and Clarity

The Income Tax Department recently sent Notices to Salary Taxpayers against claiming fake deductions/exemptions while filing ITR.

Income Tax Department sends Notices to Salary Taxpayers claiming Fake Deductions/ Exemptions

Articles

The State Finance Minister in a written reply to a question raised in Lok Sabha said, “8,39,73,416 Filed ITR out of which 5,57,95,391 Filed Zero Tax Liability ITR.”.

8,39,73,416 Filed ITR out of which 5,57,95,391 Filed Zero Tax Liability ITR upto December 2024

Changes in various sections of TCS (Tax Collected at Source) took place in Budget 2025. The government made an amendment in Section 206C(1), 206C(1G) and 206C(1H) of TCS.

TCS Rate Changes in Budget 2025

Union Finance Minister Nirmala Sitharaman is expected to introduce the New Income Tax Bill in the Lok Sabha today.

Finance Minister Sitharaman likely to introduce New Income Tax Bill in Lok Sabha today

Notifications

The Central Board of Direct Taxes (CBDT) has amended the annual statement by non-resident having liaison office via issuing a Notification.

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New Income Tax Bill to Replace 1961 Act: Aims for Simplicity and Clarity

Income Tax Department sends Notices to Salary Taxpayers claiming Fake Deductions/ Exemptions

8,39,73,416 Filed ITR out of which 5,57,95,391 Filed Zero Tax Liability ITR upto December 2024

TCS Rate Changes in Budget 2025

Finance Minister Sitharaman likely to introduce New Income Tax Bill in Lok Sabha today

CBDT amends Annual Statement by Non-Resident having Liaison Office [Read Notification]