Income Tax Articles

The Future of Tax Havens: How Global Reforms Are Shaping Offshore Jurisdictions in 2024

CA Smita Khurana 03 December 2024 at 08:39

The global minimum tax of 15%, tax transparency measures, and the EU's blacklist are reshaping the role of offshore jurisdictions that once thrived on low or no tax rates.

How to Apply and get your PAN 2.0

CA Pallav Singhania 02 December 2024 at 08:41

This article will give a comprehensive step by step understanding of how to apply and get your PAN 2.0

Tax Withholding and Rates on Payments to be made by Indian Companies to Foreign Law Firms

CA Smita Khurana 02 December 2024 at 08:41

Analysis of the following provisions in the Indian Income Tax Act, 1961 along with DTAA between India and UK

DTVSV Scheme, 2024: Form 1 & Form 3 are now available for online filing

Mitali 30 November 2024 at 11:51

DTVSV Scheme, 2024 is a scheme notified by the Government of India on 20th September, 2024 to resolve pending appeals in case of income tax disputes.

Understanding the Direct Tax Code: A 100-Sentence Journey

Pranab Banerjee 30 November 2024 at 08:53

The Direct Tax Code (DTC) is a proposed framework to overhaul India’s direct tax structure. It aims to replace existing laws like the Income Tax Act of 1961 with a more contemporary, efficient system.

"Date of initiation" for calculating time barring period of Issuing Order for penalty u/s 275

Vivek Jalan 30 November 2024 at 08:41

In terms of Section 275(1)(c) of the Income Tax Act, no order imposing penalty could be passed after the expiry of six months from the end of the month in which the action for imposition of penalties was initiated.

Everything About Newly Introduced PAN 2.0

CA Aman Rajput 29 November 2024 at 08:49

The government has recently launched this PAN 2.0 project as part of its broader vision of digital transformation and governance simplification as per the Digital India initiative

Government to Introduce QR Code-Based PAN Cards: 78 Crore PAN Cards to Be Replaced

CA Naveen Panwar 28 November 2024 at 08:43

In a major technological upgrade, the Indian government is set to revolutionize the Permanent Account Number (PAN) system by introducing QR code-enabled PAN cards.

PAN 2.0: A Digital Leap in Taxpayer Services

Mitali 27 November 2024 at 16:35

The Permanent Account Number (PAN) has long been a cornerstone of India's financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and compliance.

Impact of Tax Reforms on the Middle Class: Analysis of Recent Policies

Chaitra Seetharam 27 November 2024 at 10:49

This article examines the intricate relationship between tax reforms and the middle class, focusing on how recent policy changes have affected their financial situations.