RBI: Premature Redemption under Sovereign Gold Bond
RBI Notification: Premature Redemption Details for Sovereign Gold Bond...
New Functionality Introduced by CBDT for Taxpayers
New Functionality Introduced by CBDT to Empower Taxpayers with Enhanced AIS Confirmation Process...
Understanding Home Loan Interest Deduction from Income Tax Act
Understanding Home Loan Interest Deduction under Section 24(b) of the Income Tax Act...
Tax-Saving Investments and Expenses: A Comprehensive Guide to Section 80C, 80D, and More
When it comes to optimizing tax savings, understanding the various investment options and expenses that fall under different sections can be immensely beneficial. Here’s a comprehensive overview of the key deductions and limits under Section 80C, 80D, and other relevant sections: Section 80C Under...
Can you really change tax regimes at the last minute?
Understanding Income Tax Regime Switching for AY 2024-25...
Employer Will Compensate For The Loss Due To Delay in EPF Contribution: Supreme Court
The employer will have to compensate the loss for delay in contribution to the Employees’ Provident Fund (EPF). The Supreme Court has given this arrangement on Wednesday. According to the news of PTI, a bench of Justice Ajay Rastogi and Justice Abhay S Oka said that the Employees’ Provident Fund...
Centre Proposes 12% GST for Health Insurance, Aimed at Expanding Coverage
In an effort to make health insurance more accessible and appealing, the Centre is contemplating a reduction in the GST tax rate on health insurance premiums. The proposed decrease would bring the tax rate down to 12% from the current 18% for premiums up to Rs 30,000. As per current market trends, a...
CBDT Extends Deadline for Charitable and Religious Trusts to Submit Registration Applications
The income tax department has announced an extension of the deadline for charitable and religious trusts to submit their registration applications to the tax authorities. The Central Board of Direct Taxes (CBDT) has granted this extension until June 30, 2024. The decision to extend the deadline was ...
Understanding High-Value Cash Transactions and Income Tax Notices in India
In India, high-value cash transactions are regulated by income tax laws to monitor cash flow and prevent illegal financial activities. According to these regulations, any cash deposit of INR 10 lakh or more into a savings account requires notifying tax authorities. Moreover, the threshold for notifi...
Making GST Payments: A Complete List of Newly Added Banks
Paying your Goods and Services Tax (GST) has never been easier, with the option to make payments through various banks via e-Payment (Net Banking) and Over the Counter modes. The GSTN (Goods and Services Tax Network) has recently added 27 banks to facilitate this process, providing taxpayers with mo...
