I-T returns filing: CBDT engaging closely with service providers for proper functioning of portal
At a session organised by the chartered accountants’ apex body ICAI to discuss the 2024-25 Union Budget in the national capital on Wednesday, a chartered accountant flagged concerns about glitches …
Tax portal glitches galore: 49% of India’s taxpayers yet to file ITR
With the deadline for Income Tax Returns (ITR) filing fast approaching on July 31, several taxpayers are facing hurdles in completing the process …
How Budget proposes to change the tax structure & rules for ‘gifts’
Corporate restructuring and reorganisations often involve transactions where assets such as shares of another company are transferred without consideration, typically regarded as ‘gifts’. These transactions have historically enjoyed tax exemptions …
Budget 2024: Wait for tax refund may irk you more
This is one budget proposal that may disappoint taxpayers. Not only has the period of withholding of tax refund been extended, but you may also lose out on interest paid …
NRI to pay higher tax on these capital gains on assets such as listed equities
Budget 2024 proposes a higher tax on certain capital gains for non-residents. However, it has also proposed to reduce on certain assets. The new tax rate will apply only on …
Budget 2024: Securities transaction tax (STT) on F&O hiked to 0.02% and 0.1%
The 2024 budget has increased the securities transaction tax (STT) on Futures & Options (F&O) of securities to 0.02 percent and 0.1 percent respectively and income receipts from share buybacks …
Budget 2024 reduces TDS on life insurance policy payout from 5% to 2%
It is proposed that TDS under section 194DA of the Act be reduced from 5% to 2%” says explanatory memorandum of budget 2024 …
TCS paid on foreign remittances, purchase of car can be used to lower TDS on salary
The Budget 2024 has proposed to lower the higher tax deduction for individuals. As per the announcement, individuals who have paid TCS on foreign remittances, foreign travel and purchase of …
Union Budget 2024: Angel Tax For All Classes Of Investors To Be Abolished
In a bid to bolster the Indian startup ecosystem, the Centre today announced the abolishment of angel tax for all classes of investors …
Trade Association – CWBTA seeks higher I-T, GST limits
The Confederation of of West Bengal Trade Association has pleaded for an increase in the income tax limit in this year’s Budget …
Pages: 1 2