No GST on fines, penalties, late fees collected by RBI, says Maha AAR
Reserve Bank of India will not have to pay Goods & Services Tax (GST) on fines, penalty collected from its …
Income Tax
Feature of New UPS (Unified Pension Scheme)
We are proud of the hard work of all government employees who contribute significantly to national progress. The Unified Pension …
Finance Act (No.2) 2024 Notified | Download Finance Act (No.2) 2024
The Government has notified The Finance Act (No.2), 2024 on 16th August, 2024, to give effect to the financial proposals …
Did you get Your ITR Intimation u/s 143(1) after ITR filing, know what to do with this
Intimation under Section 143(1) is a formal communication from the Income Tax Department to taxpayers. It is issued after the …
Defective ITR Notice 139(9) | How to Correct defective ITR
1. What is a Defective Return?A return may be treated as defective on account of incomplete or inconsistent information in …
RBI allows two users to share one bank account for UPI payments
RBI has introduced a Delegated Payments facility for UPI. This allows the primary user to authorise another individual to make …
Changes in capital gains tax will benefit most people: CBDT chief
The changes in the capital gains tax announced in the Union budget for FY25 are rational decisions that will benefit …
Budget 2024: Deduction limit increased from 10% to 14%; introduces NPS Vatsalya for minors
One of the government’s objectives is to provide social security benefits to citizens. In Budget 2024, the Finance Minister made …
Earning Money from Share Market or Selling property, file ITR 2 | How to File ITR 2
Investing in the share market can be highly rewarding, offering potential for significant returns through capital gains and dividends. However, …
Who is to file and not to File an Income Tax Return (ITR) in India?
Under Section 139(1) of the Income Tax Act, every person, including individuals, Hindu Undivided Families (HUFs), companies, and firms, is …
