Income Tax

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October 21, 2024

CBDT Notifies Tolerance Range Under Transfer Pricing for AY 2024-25

Notification No. 116, dated 18-10-2024 … Continue reading “CBDT Notifies Tolerance Range Under Transfer Pricing for AY 2024-25”

Blog, News, Income Tax

October 19, 2024

CBDT Issued Revised Guidelines for Compounding of Offences Under Income Tax Act

Notification F.No.285/0812014-IT(lnv.V)163, dated 17-10-2024 In … Continue reading “CBDT Issued Revised Guidelines for Compounding of Offences Under Income Tax Act”

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October 18, 2024

CBDT Releases Time-Series Data of Direct Tax Statistics Updated Up to FY 2023-24

Press Release, dated 16-10-2024 The … Continue reading “CBDT Releases Time-Series Data of Direct Tax Statistics Updated Up to FY 2023-24”

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October 18, 2024

CBDT Amends Rules 31AA & 37-I | Specifies Conditions for Allowing TCS Credit to a Person Other Than the Collectee

Notification No. 114/2024, dated 16-10-2024 … Continue reading “CBDT Amends Rules 31AA & 37-I | Specifies Conditions for Allowing TCS Credit to a Person Other Than the Collectee”

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October 18, 2024

No TCS u/s 206C(1F) on Any Payment Received From Reserve Bank of India | CBDT

Notification No. 115/2024, dated 16-10-2024 … Continue reading “No TCS u/s 206C(1F) on Any Payment Received From Reserve Bank of India | CBDT”

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October 17, 2024

CBDT Releases FAQs on Direct Tax Vivad Se Vishwas Scheme 2024

Circular No. 12 of 2024, … Continue reading “CBDT Releases FAQs on Direct Tax Vivad Se Vishwas Scheme 2024”

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October 17, 2024

CBDT Notifies New Form 12BAA Incorporating Details of Tax Deducted or Collected by Others

Notification No. 112/2024, dated 15-10-2024 … Continue reading “CBDT Notifies New Form 12BAA Incorporating Details of Tax Deducted or Collected by Others”

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October 17, 2024

PIL Filed in HC Challenging Denial of Sec. 87A Rebate Under New Tax Regime If Income Taxed at Special Tax Rates

News, dated 16-10-2024 A Public … Continue reading “PIL Filed in HC Challenging Denial of Sec. 87A Rebate Under New Tax Regime If Income Taxed at Special Tax Rates”

Blog, Income Tax

October 16, 2024

How Section 270A Penalises Under-Reported Income – Key Provisions Explained

Section 270A of the Income … Continue reading “How Section 270A Penalises Under-Reported Income – Key Provisions Explained”

Blog, News, Income Tax

October 16, 2024

Trust Established Before Commencement of Act Can Make Provisions for Payment of Honorarium to Trustees: HC

Case Details: Commissioner of Income-tax … Continue reading “Trust Established Before Commencement of Act Can Make Provisions for Payment of Honorarium to Trustees: HC”