Major changes in the Income-tax Bill 2025 vs Income-tax Act 1961
Key Takeaways: Tabled on 13 February 2025, the Income-tax Bill 2025 rewrites the 1961 Act in simpler language…
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Tag: Income Tax
Highlights of Union Budget 2025-26
Key Takeaways: Union Budget 2025-26 made the new tax regime attractive with zero tax up to Rs 12…
Read ArticleTax Audit Due Date Extended to 07-October-2024
Key Takeaways: The CBDT extended the due date for filing tax audit reports under Section 44AB for AY…
Read ArticleBasic checklist for 31st March, 2024
Key Takeaways: This year-end checklist covers essential tasks before 31 March 2024 across income tax, GST and accounts.…
Read ArticleIndian Govt is considering delaying Section 43B(H) following requests from industries
Key Takeaways: The government is considering delaying the implementation of Section 43B(h), which disallows expenses for delayed payments…
Read ArticleLinking PAN with Aadhaar deadline extended by CBDT to June 30, 2023
Linking PAN with Aadhaar deadline extended by CBDT to June 30, 2023
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Discover Income Tax Exemptions Permitted by the New Tax Regime
Key Takeaways: The new tax regime still permits several exemptions, including standard deduction of Rs 50,000, employer NPS…
Read ArticleBelated Income Tax Return, Revised Return filing last day on 31 Dec 2022 for FY 21-22
Key Takeaways: The deadline for filing belated and revised income tax returns for FY 2021-22 was 31 December…
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