Page 6 of Income Tax Act

tax, money, taxpayers, taxes, budget 2025, Union Budget, Finance, Income Tax act

Budget 2025: What Indian taxpayers hope from Finance Minister

Currently, where an individual receives any sum of money more than INR 50,000 as gift or without any consideration, the…

January 27, 2025 19:59 IST

Good news for taxpayers! Govt removes THESE difficulties to ensure more tax disputes are settled - Check details!

Good news for taxpayers! Govt removes THESE difficulties to ensure more tax cases are settled – Check details!

The government has issued important clarifications under the Direct Tax Vivad Se Vishwas Scheme, 2024, to address challenges faced during…

January 23, 2025 19:23 IST

economy, budget, tax, taxpayers, DTC Bill, TDS, General Anti-Avoidance Rules, budget 2025

Budget 2025: Simplified tax code in Budget session to skip reforms

The DTC Bill in its original form in 2010 as well as in 2013 proposed a big-ticket overhaul in the…

January 10, 2025 05:30 IST

ITR Filing: Belated, revised income tax return deadline extended – Details inside

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing belated and revised income tax returns (ITRs)…

December 31, 2024 16:38 IST

Income tax relief for taxpayers! Now, you have more time to settle disputes with lower tax payments – Details

The CBDT notified the Direct Tax Vivad Se Vishwas Scheme, 2024 in September this year and it came into force…

December 31, 2024 13:57 IST

Taxpayers cheers! THESE 5 income tax rule changes make return filing easier now!

Taxpayers, rejoice! These 5 major changes in income tax rules for 2024 simplify the process of filing income tax returns,…

December 30, 2024 09:05 IST

What happens to assets seized by ED, DRI and Income Tax Department? Can govt dispose of them?

The government manages seized assets under laws like PMLA, Customs Act, and Income Tax Act, with provisions for disposal to…

December 29, 2024 08:00 IST

5 tax planning actions you must take before year-end!

Proper tax planning not only helps you manage your tax outgo but also enables you to meet both short-term and…

December 26, 2024 16:02 IST

FinMin reviews Income Tax Act! Tax certainty, simplified tax-filing process, better taxpayer services must be top reform agenda - Survey

FinMin reviews Income Tax Act! Survey calls for tax certainty, simplified tax-filing, improved taxpayer services

A modernised tax system, aligned with recent government initiatives, would enhance compliance, drive growth and bolster India’s competitiveness on a…

December 4, 2024 16:55 IST

Direct Tax Code 2025: Big expectations! Streamlined income tax regimes, fewer slabs and simplified compliance

Direct Tax Code 2025: Individuals earning up to Rs 15 lakh will benefit more from new tax laws, feel experts

Direct Tax Code’s key provisions are expected to include streamlined tax regimes, fewer slabs, and reduced complexities, benefiting individuals with…

December 4, 2024 14:12 IST

PAN 2.0: Surrender duplicate PAN Card now or face Rs 10,000 penalty – Details here

The PAN 2.0 Project also aligns with the Digital India initiative, emphasizing eco-friendly, paperless operations. Furthermore, it positions PAN as…

December 1, 2024 15:26 IST

MSME delayed payments: 45-day payment rule endorsed by MSME associations as beneficial, says FinMin

In April this year, a new clause (h) was inserted in Section 43B of the Income-tax Act 1961 to provide…

November 26, 2024 13:56 IST

MSME delayed payments: Only 20% complaints disposed so far, shows govt data

59,318 applications amounting to Rs 11,577 crore were rejected by MSE Facilitation Councils so far.

November 12, 2024 12:18 IST

Pillar 2 tax, Tax, Income Tax, Corporate tax, Economy, Tax rate

Pillar-2 tax rules may be deferred as govt sees no net gain

The new regime will only allow the government to collect additional tax revenue, in the form of “top-up tax”, from…

October 30, 2024 02:00 IST

HRA Exemption: How to claim tax benefits without house rent allowance

HRA: Not getting House Rent Allowance? you can still claim tax exemption! Know how much you can claim

If you’re not receiving House Rent Allowance (HRA), you can still claim HRA exemption under Section 80GG to save on…

October 22, 2024 18:10 IST

Relief for Taxpayers: New CBDT guidelines to prevent income tax prosecution

Good news for taxpayers! New guidelines for preventing prosecution in income tax offences

The revised rules aim to simplify the compounding process by reducing complexities from multiple existing guidelines and lowering compounding charges.

October 20, 2024 19:44 IST

Simplification, ease of compliance key tax themes

In the first 100-days of its present tenure, the government has stuck to this concept through targeted reforms, say experts.

September 19, 2024 17:58 IST

Relief to taxpayers! CBDT enables online resolution mechanism to resolve income tax disputes - Details inside

Relief to taxpayers! CBDT enables online mechanism to resolve income tax disputes – Details inside

The e-Dispute Resolution Scheme (e-DRS) enables the taxpayer to file an application electronically for dispute resolution to the Dispute Resolution…

September 5, 2024 14:02 IST

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Page 6 of Income Tax Act

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