Ministry of Finance GOVERNMENT MAKES NEW TAX REGIME MORE ATTRACTIVE STANDARD REDUCTION INCREASED FROM Rs. 50,000 TO Rs. 75,000 SALARIED EMPLOYEE STANDS TO SAVE UP TO Rs. 17,500 Posted On: 23 JUL 2024 1:14PM by PIB Delhi Several attractive benefits to provide tax relief to salaried individuals and pensioners opting for the new tax regime […]
Ministry of Finance CAPITAL GAINS TAXATION SIMPLIFIED AND RATIONALISED SHORT TERM GAINS TO ATTRACT A TAX RATE OF 20 PER CENT AND LONG TERM GAINS TO ATTRACT A TAX RATE OF 12.5 PER CENT LIMIT OF EXEMPTION OF LONG TERM CAPITAL GAINS ON FINANCIAL ASSETS INCREASED FROM Rs. 1 LAKH TO Rs. 1.25 LAKH PER
Ministry of Finance HIGHLIGHTS OF THE UNION BUDGET 2024-25 Posted On: 23 JUL 2024 1:17PM by PIB Delhi The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament today. The highlights of the budget are as follows: Part-A : Budget Estimates 2024-25: Total receipts other than borrowings:
Highlights of The Union Budget 2024-25 – Press Release by PIB Read More »
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, 25th April, 2024 Press Release The Central Board of Direct Taxes (CBDT), has issued Circular No. 07/2024 dated 25.04.2024 further extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 (the `Act`) upto
CBDT extends due date for filing Form 10A/10AB-Press Release by PIB Read More »
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, 08th April, 2024 Press Release CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims Certain instances of mismatch of information as filed by the taxpayer and as available with the Income
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 04th April, 2024 PRESS RELEASE Functionalities to file commonly used ITRs enabled by CBDT on 1st April, 2024 Central Board of Direct Taxes (CBDT) has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25
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Insertion of new section 8A. 153. In the Goods and Services Tax (Compensation to States) Act, 2017 (15 of 2017.), after section 8, the following section shall be inserted, namely: — Power not to recover cess not levied or short-levied as a result of general practice. “8A. Notwithstanding anything contained in this Act, if the Government
Amendment of section 7. 151. In the Union Territory Goods and Services Tax Act, 2017 (14 of 2017.) (hereinafter referred as the Union Territory Goods and Services Tax Act), in section 7, in sub-section (1), after the words “alcoholic liquor for human consumption”, the words “and un-denatured extra neutral alcohol or rectified spirit which is
Amendment of section 5. 147. In the Integrated Goods and Services Tax Act, 2017 (13 of 2017.) (hereinafter referred to as the Integrated Goods and Services Tax Act), in section 5, in sub-section (1), after the words “alcoholic liquor for human consumption”, the words “and undenatured extra neutral alcohol or rectified spirit used for manufacture
Amendment of section 9. 110. In the Central Goods and Services Tax Act, 2017 (12 of 2017.) (hereinafter referred to as the Central Goods and Services Tax Act), in section 9, in sub-section (1), after the words “alcoholic liquor for human consumption”, the words “and un-denatured extra neutral alcohol or rectified spirit used for manufacture
