Ministry of Finance CBDT issues clarification in respect of Income-tax clearance certificate (ITCC) It is being erroneously reported that all Indian citizens must obtain income-tax clearance certificate (ITCC) before leaving the country – a position that is factually incorrect Posted On: 20 AUG 2024 9:19PM by PIB Delhi Section 230 (1A) of the Income-tax Act, 1961(the […]
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 7th August, 2024 Press Release CBDT relaxes provisions of TDS/TCS in the event of death of deductee/collectee before linkage of PAN and Aadhaar The Central Board of Direct Taxes (CBDT), has issued Circular no. 8 of 2024 dated 05.08.2024, in view
Ministry of Finance FAQs issued by CBDT on the new Capital Gains Tax Regime proposed in the Union Budget 2024-25 Posted On: 23 JUL 2024 1:14PM by PIB Delhi FREQUENTLY ASKED QUESTIONS (FAQs) Q1. What are the major changes brought about in the taxation of capital gains by the Finance (No.2) Bill, 2024? Ans. The taxation of
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
