Income Tax News

The due date has been extended for entities who were liable to file transfer pricing reports and whose due date...

The PAN 2.0 Project marks a significant leap towards modernizing India's tax system with enhanced digital processes, security, and greater...

No application for condonation of delay in filing of Form No. 9/10/10B/10BB shall be entertained beyond three years from the...

CBDT has vide circular no. 12/2024 Dt. 15.10.2024 issued a few FAQ related to the Vivad se Vishwas Scheme, 2024.

CBDT has vide Circular no. 13/2024 Dt. 26.10.2024 extended the due date for filing Income tax return for AY 2024-25...

Form-1 shall be furnished electronically under digital signature, if the return of income is required to be furnished under digital...

The committee invites public inputs and suggestions in four categories: Simplification of Language, Litigation Reduction, Compliance Reduction, and Redundant/Obsolete Provisions

From FY 2023-24, Income tax department has made new tax regime as the default tax regime for Individual, HUF and...

Finance Act, 2024 has made various changes under the Income tax act especially in TDS provision which shall be applicable...

Thus, due date for all audit Forms such as Form 3CA-3CD, 3CB-3CD, Form 10BB, Form 10B, Form 10DA, Form 29B...

Below is a table where, Income tax department has released a list of FAQ discussing various situations where an Income...

In view thereof, it is reiterated that the ITCC under Section 230(1A) of the Act, is needed by residents domiciled...

Below is a table where, Income tax department has released a list of FAQ discussing various situations where an Income...

Although in the circular they have mentioned that higher TDS shall not be charged, however no resolution has been provided...

wherein as per the proposed amendment the long term immovable property owner will have the option to determine tax at...