child-rearing, education and caring for the elderly, according to a circular released on Aug 31.The threshold for special additional deductions in personal income tax for taking care of children under age 3 will be raised from
child-rearing, education and caring for the elderly, according to a circular released on Aug 31.The threshold for special additional deductions in personal income tax for taking care of children under age 3 will be raised from
In a significant relief for taxpayers, the CBDT, through Circular No. 20/2024 dated Dec 30, 2024, has extended the due date for determining the payable amount under column (3) of the Table in section 90 of the Direct Tax Vivad Se Vishwas Scheme, 2024. ...
- Circular No. 242/36/2024-GST Clarification on availability of input tax credit as per clause (b) of sub-section (2) of section 16 of the Central Goods and Services Tax Act, 2017 in respect of goods which have been delivered by the supplier at his place of business under Ex-Works...
The deadline to submit your income tax return for 2024-25 has been extended to November 15, 2024, for audit cases. Read Circular The CBDT department has decided to replace the Excel and Java Versions of ITR Utilities with the JSON Utility for ITR-1 & ITR-4, which will be applicable fo...
Filing Income Tax Return Due Date for AY 2024-25 (Audit Cases)The general due date for filing the Income Tax Return for the audit cases is 31st October 2024. Note: The government has revised it till 15th November 2024 via circular No.13 /2024....
were intimated. The present Circular contains the rates of deduction of Income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2022-23 and explains certain related provisions of the Act and Income-tax Rules, 1962 (hereinaft...
In the circular issued by the income tax department, it said that such measures have been taken to bring high-value transactions within the tax netVivina Vishwanathan
[CBDT Circular No. 333 dated 02/04/1982] It is well settled that in case of any conflict between the provisions of DTAA and the Income tax Act, 1961, then provisions of DTAA would prevail over provisions under Income tax Act, 1961. ANSWER: Section 90(2) makes it clear that the ...
July 2023 1.522 million new market entities in May have applied for tax-related business, such as taxes identification, invoice collection and tax payment declaration, an increase of 24.9 percent from the same period last year, data from the State Taxation Administration showed. China GDP Shrink...