CAclubindia News
Faceless Tax Schemes to Continue Beyond March 2025 as Date Restrictions Removed
04 February 2025 at 08:56Removing date restrictions on framing the schemes in certain cases
Section 271BB Omitted and Penalty Powers Shift to Assessing Officers in 2025
04 February 2025 at 08:56Certain penalties to be imposed by the Assessing Officer
Section 276BB Amended: Exemption from Prosecution for Certain Delayed TCS Payments
04 February 2025 at 08:56Exemption from prosecution for delayed payment of TCS in certain cases
Time Limit Extension for TCS Default Orders Under Section 206C Effective April 2025
04 February 2025 at 08:56Excluding the period such as court stay etc. for calculating time limit to pass an order
Section 115VP Amended: Extended Deadline for Tonnage Tax Approvals Effective 2025
04 February 2025 at 08:56Increasing time limit available to pass order under section 115VP
Income Tax Act Amendment: New Reporting Norms for Crypto-Assets Effective April 2026
04 February 2025 at 08:56Obligation to furnish information in respect of crypto-asset
Property Tax Relief: Simplified Annual Value Rules for Homeowners Effective 2025
03 February 2025 at 06:53Annual value of the self-occupied property simplified
Section 80CCA Amended: Tax Relief on NSS Withdrawals Effective August 29, 2024
03 February 2025 at 06:53Exemption to withdrawals by Individuals from National Savings Scheme from taxation
NPS Vatsalya Scheme: New Tax Deductions for Parents Under Section 80CCD
03 February 2025 at 06:53Deduction under section 80CCD for contributions made to NPS VatsalyaThe NPS Vatsalya Scheme, officially launched on 18 September 2024, enables parents and guardians to start a National Pension Scheme (NPS) account for their children. This savings-cum
Section 17 Amendments: Higher Income Limits for Perquisite Exemptions from 2026
03 February 2025 at 06:52Increase in the limits on the income of the employees for the purpose of calculating perquisites
Popular News
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- Finance Ministry May Amend Income Tax Bill 2025 to Restore Section 80M for 22% Tax Regime
- IT Department Flags 1.65 Lakh ITRs for Scrutiny in AY 2025 - 3X Surge Over Previous Years
- CBDT Directs Tax Officers to Ensure 'Application of Mind' in Scrutiny Notices, Avoid Irrelevant Queries
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