Income Tax Articles

Who is Required File Tax Audit Report before September?

CA Umesh Sharma 02 September 2024 at 13:13

The last date to file the Tax Audit Report is 30th September of the assessment year. It is crucial to adhere to the deadlines to avoid any penalties

Key Features of New e-DRS Scheme

CS Lalit Rajput 02 September 2024 at 10:05

The Central Board of Direct Taxes (CBDT) has introduced a new e-DRS (Electronic Dispute Resolution Scheme) to streamline the process of resolving income tax disputes.

September 2024 Compliance Calendar

DSC Sign 02 September 2024 at 08:25

As a business owner, staying compliant with various statutory requirements is essential for smooth operations and to avoid penalties. For the month of September 2024, there are several key due dates that you should be aware of.

Holding Period for Residential Properties: Allotment or Agreement? A Comparative Analysis

CA. Bhavik P. Chudasama 31 August 2024 at 17:36

This article aims to shed light on this issue, analyzing relevant case laws and providing a comprehensive understanding of the prevailing legal position.

Towards a Modern Tax System: The Need for a New Income-Tax Act in India

Sachin 31 August 2024 at 08:35

In her budget speech in July 2024, Finance Minister Nirmala Sitharaman announced a comprehensive review of the Income-Tax Act. The review is expected to be completed before the next Budget, aiming to reduce compliance burdens and improve clarity for taxpayers.

Amendments In Income Tax Act 1961 through Finance Act, 2024

Suyash Raj Nahata 30 August 2024 at 09:00

The Finance (No. 2) Bill, 2024 was presented by the Hon'ble Finance Minister (FM) Nirmala Sitharaman on 23 July 2024. While moving the Bill for approval by the Lok Sabha on 7 August 2024, the FM introduced amendments to FB (No, 2) 2024 (Amended Bill) and the bill was passed on 16th of August, 2024 in form of THE FINANCE (No. 2) ACT, 2024.