Category: Press Release

Press Release

CBDT notifies amendments in Income-tax Rules, 1962 to prescribe conditions for applicability of presumptive taxation regime for non-resident cruise ship operators

byAdmin

As a measure to promote investment and employment, Finance (No. 2) Act, 2024 inter alia provided a presumptive taxation regime for non-residents, engaged in the business of operation of cruise ships. Further, exemption has been provided for any income of a foreign company from lease rentals of cruise ships, received from a related company which operates such ship or ships in India. Applicability of this presumptive taxation regime is subject to the conditions, as prescribed.

Press Release

GST & Customs pavilion gets Bronze Medal for Excellence for the Public Communication and Outreach at IITF 2024

byAdmin

The GST and Customs Pavilion by the Central Board of Indirect Taxes and Customs (CBIC) has been awarded the Bronze Medal for its exceptional contribution to Public Communication and Outreach at the India International Trade Fair (IITF) 2024. This recognition underscores the CBIC’s Pavilion’s unwavering commitment to promoting taxpayer awareness and ensuring seamless information dissemination.

Press Release

PAN 2.0: A Digital Leap in Taxpayer Services

byAdmin

The Permanent Account Number (PAN) has long been a cornerstone of India’s financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and compliance. As a key enabler of the digital economy, PAN has transformed into a gateway for essential services, making it indispensable in daily life. To enhance user-friendliness and align with technological advancements, the Cabinet has recently approved PAN 2.0, a step forward in redefining how PAN serves India’s evolving digital and financial landscape.