Our Honorable Finance Minister "Nirmala Sitharaman Ji" in the recent Final Budget of 2024 has proposed some important changes regarding taxation of property that will be discussed further in this article.
The CBDT has issued order that tax demands under Income Tax Act, Wealth Tax, and Gift Tax which are outstanding as on 31st March pertaining to assessment year 2010-11- each demand entry up to Rs. 25000/- and assessment year 2011-12 to 2015-16 - each demand entry up to Rs. 10000/- shall be extinguished but subject to maximum ceiling of Rs. 1 lakh for any specific taxpayer/assessee.
In this article, we will discuss in depth about audit of branch of bank.
The CBDT notified Rule 21B prescribing the additional information that is required to be furnished by non-residents along with TRC in prescribing Form-10F.
This article aims to provide a comprehensive understanding of Form 15CA and 15CB and the procedures involved.
Filing a GST appeal before Appellate Authorities is a crucial step for taxpayers seeking resolution on disputed tax matters.
The Income-tax Act, 1961 allows tax payers to challenge the orders passed by the AO after the assessment proceedings
Process of TDS payment has been changed from NSDL portal to Income Tax Portal. This article highlights the detailed process of making payment of TDS.
TDS is required to be deducted by a person for certain payments made by them. Every Assessee who has deducted TDS is required to file TDS Returns. TDS Returns are quarterly statements, which contain the information pertaining to TDS deducted and deposited. It is submitted by person who deducted TDS i.e. TDS deductor.
Filing an income tax appeal before the Income Tax Appellate Tribunal (ITAT) is a crucial step for taxpayers seeking resolution on disputed tax matters. The relevant section that governs the filing of an appeal before the ITAT is Section 253 of the Income Tax Act. Here's an overview of Section 253:
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