The PAN 2.0 Project seeks to unify these platforms into a single, comprehensive portal. This integration will streamline processes, enhance service delivery, and improve the overall experience for taxpayers. The Cabinet Committee on Economic Affairs (CCEA) has given its approval …
This Awareness Campaign primarily focuses on resident taxpayers who have already filed their ITR for AY 2024-25 but may have missed or incorrectly completed Schedule FA (Foreign Assets) or FSI (Foreign Source Income). Taxpayers are encouraged to take advantage of …
CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and Enabling claiming TCS Credit of Minors in the Hands of Parents The Central Board of Direct Taxes (CBDT) has recently notified …
Press Release Dated 7 August 2024: CBDT relaxes provisions of TDS/TCS in the event of death of deductee/collectee before linkage of PAN and Aadhaar In a recent update, the Central Board of Direct Taxes (CBDT) has issued Circular No. 8 …
Recommendations of 53rd GST Council Meeting on June 22, 2024 in New Delhi The 53rd GST Council Meeting, chaired by Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, convened in New Delhi on June 22, 2024. The meeting …
With this latest instalment, the total amount of tax devolution to states stands at Rs. 2,79,500 crore for the current fiscal year as of June 10, 2024. Tax Devolution by Centre to States: In a significant financial move, the Centre …
A Highlight of the Performance of DGGI in 2023 According to a Press release by PIB on 11th January 2024, the Directorate General of GST Intelligence (DGGI), the agency has demonstrated exceptional performance in combating GST evasion and ensuring fiscal …
Above 30 Lakh Audit Report Filed till 30th September Above 30.75 lakh audit report including about 29.5 lakh Tax Audit Reports have been filed for AY 2023-24 on the e-filing portal till the end of the due date, i.e., 30 …