FAQ on TCS on Luxury Goods applicable from 22 April 2025 on shoes, bags, watch, sunglasses etc.
To widen the scope of Tax Collection at Source (TCS) and enhance revenue from high-value purchases, theĀ Finance (No. 2) Act, …
Income Tax
CBDT Notifies New Disallowances Under Income Tax u/s 37
OnĀ 23rd April 2025, the Central Board of Direct Taxes (CBDT) issuedĀ Notification No. 38/2025, invoking its powers under clause (iv) ofĀ Explanation …
Taxpayers can file income tax without login, CBDT unveils ‘e-Pay Tax’ feature
The Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal to facilitate the taxpayers by …
Government Notifies New TCS on Luxury Goods, 10+ luxury items under TCS, full list
Date of Notification: 22nd April 2025Effective Date: 22nd April 2025Issued by: Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (CBDT) …
Why ITR Forms for FY 2024ā25 (AY 2025ā26) Are Not Yet Notified?
As of April 2025, the Income Tax Department has not yet notified the Income Tax Return (ITR) forms for the …
Last Date to Avail DTVSV Scheme Benefits Announced
The Ministry of Finance has announced that the last date for filing declarations under theĀ Direct Tax Vivad se Vishwas (DTVSV) …
TDS Rate Chart for FY 2025-26 & AY 2026-27
For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the …
Form 10AB Now Available on Income Tax e-Filing Portal
š Date: 17 April 2025š° Source: Income Tax Department Update š Overview In a welcome move for charitable and religious institutions, the Income Tax …
Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITAT
Ā If your residential building or society is set to undergo redevelopment anytime soon, or you have agreed to exchange …
Major Amendments in Form 3CD from April 1, 2025 notified
The Central Board of Direct Taxes (CBDT), via Notification No. 23/2025 dated March 28, 2025, introduced several updates to Form …
