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Madhya Pradesh Cabinet Repeals 1972 Rule: Ministers to Pay Tax

Akash G Varadaraj - 0
In a significant policy shift, the Madhya Pradesh Cabinet has decided that state ministers will now be responsible for paying their own income taxes...

Changes in ITR Forms for AY 2024-25: What Taxpayers Need to Know

Akash G Varadaraj - 0
In a significant update for taxpayers, the Income Tax department has rolled out revised ITR forms for the Assessment Year 2024-25, incorporating several key...

Switching Tax Regimes: What You Need to Know

Monika Shanmugam - 0
Mumbai: With the recent tax law changes, taxpayers in India now have two regimes to choose from: the old tax system and the new...

Big Relief for Taxpayers: TDS Demands Lifted Due to PAN-Aadhaar Linking Update

Monika Shanmugam - 0
In a significant move, the Centralized Processing Cell (TDS) has reprocessed TDS returns for the 2023-24 financial year, removing short deduction demands caused by...

ITR Filing Alert: Common Mistakes to Avoid to Prevent Tax Notices

Monika Shanmugam - 0
ITR Filing for FY 2023-24: Avoid These Mistakes Filing your income tax return (ITR) for the first time? Be cautious to avoid mistakes that could...

ITR Filing 2024-25: How to Get Tax Relief on Arrears

Monika Shanmugam - 0
Receiving arrears can be both a relief and a headache during tax season. While they represent overdue earnings like salary, pension, or rent from...

Taxpayers Alert: Secure Your ITR Refund Faster with This Simple Step

Monika Shanmugam - 0
The tax season is here, and it's time for taxpayers to act swiftly to ensure a speedy refund. Filing income tax returns for the...

Unlock Hidden Tax Savings: Lesser-Known Deductions to Boost Your ITR Refund

Monika Shanmugam - 0
With the deadline for income tax return (ITR) filing fast approaching on July 31, 2024, taxpayers are on the lookout for ways to maximise...

The Supreme Court Ruled That Interest-Free Loans Provided to Bank Employees Are Taxable as Fringe Benefits

Akash G Varadaraj - 0
In a significant decision, the Supreme Court has ruled that the interest-free or concessional loans provided by banks to their employees are deemed as...

Transit Rent Deemed Non-Taxable: Bombay HC Delivers Landmark Ruling, Relieves Residents

Monika Shanmugam - 0
In a groundbreaking decision, the Bombay High Court has declared transit rent received from builders during redevelopment projects as non-taxable, liberating individuals from Tax...
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