New Circular of CBDT allows tax officers to waive interest due from assessee
New Delhi, The income tax department has allowed tax officials to either waive or reduce interest payable by a taxpayer, …
Income Tax
No tax rate reductions for old regime, clarifies Nirmala Sitharaman
The new regime features lower tax rates and an increased standard deduction of Rs 75,000. | File Photo Finance Minister …
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 …
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 …
