CBDT launches Compliance-Cum-Awareness Campaign for AY 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from foreign sources in ITR
The CBDT has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets and reporting income from...
Income tax department probing evasion of capital gains tax on joint development agreements
The Et reported that all landowners who had cut ‘joint development’ deals with builders are under the lens for skirting tax on capital gains. The...
Under SARFAESI Act, an auction sale can be cancelled only if the purchaser has defaulted in payment of balance amount
In IDBI Bank Ltd. v. Ramswaroop Daliya and Ors., SLP (C) Nos. 8159-8160/2023 the Supreme Court has held that an auctioneer cannot refuse to issue...
Fake loan app CashBean run by PC Financial Services fined ₹2100 Cr by Enforcement Directorate
A number of people have complained about the menace of fake loan apps which demand extortionate rates of interest and hack the WhatsApp of the...
Revised Guidelines for compounding offences under the Income-tax Act, 1961
CBDT issues Revised Guidelines for compounding offences under the Income- tax Act, 1961 ✅The Guidelines simplify the compounding process, reduce complexities from multiple existing guidelines,...
Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and for claiming TCS Credit of Minors in the Hands of Parents
CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and for claiming TCS Credit of Minors...
Frequently asked questions (FAQs) on provisions of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme , 2024
CBDT issues Guidance Note 1/2024 in the form of frequently asked questions (FAQs) on provisions of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme ,...
ITAT Members appointed Vice Presidents
5 ITAT Members appointed Vice Presidents for a period of 4 years or till attaining the age of 67 years whichever is earlier...
Transfers of 12 ITAT Members w.e.f 21.10.2024
Transfers of 12 ITAT Members w.e.f 21.10.2024...
Comprehensive review of the Income-tax Act, 1961
The Hon’ble FM in Budget 2024-25 announced a comprehensive review of the Income-tax Act, 1961 to simplify it for taxpayers, reduce disputes, and ensure greater...