Search For "income tax act"
Maximize Your Savings Through Ujjivan Small Finance Bank's Tax Saving Fixe
Updated : 11 months, 4 weeks ago IST
Bangalore (Karnataka) [India], March 20: Tax Saving Fixed Deposits are gaining a great deal of interest from investors seeking higher yields and tax related savings. High interest rates offered by banks and its dependability in safeguarding investor funds contribute to its popularity. In com
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Centre seeks suggestions from stakeholders for Income Tax Bill 2025
Updated : 12 months ago IST
Regarding the Income Tax Bill 2025, which was introduced in Parliament and is currently under examination by the Select Committee for detailed consideration, stakeholders are encouraged to continue submitting their suggestions on its provisions.
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Claims that new powers being introduced in new income tax bill incorrect:
Updated : 1 year ago IST
In the July 2024 Budget, the government had proposed a comprehensive review of the Income-tax Act, 1961. The purpose was to make the Act concise and lucid and reduce disputes and litigation.
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Baijayant Panda to chair Select Committee on Income-Tax Bill
Updated : 1 year ago IST
This new bill, tabled in Lok Sabha by Finance Minister Nirmala Sitharaman on Thursday, seeks to replace the existing Income Tax Act, 1961 and introduce changes that affect different categories of taxpayers, including individuals, businesses, and non-profit organisations.
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I was not allowed to even reply to her questions: Raghav Chadha on Nirmala
Updated : 1 year ago IST
Minister Sitharaman, earlier on Friday, tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernise definitions, and provide more clarity on various tax-related matters. It seeks to replace the existing Income Tax Act, 1961 and introduce changes that affect different cat
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Nirmala Sitharaman apprised about review of Income Tax Act by top official
Updated : 1 year, 4 months ago IST
The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, and litigation, and provide greater tax certainty to taxpayers.
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CBDT announces extending ITR filing deadline for corporates till November
Updated : 1 year, 4 months ago IST
The Central Board of Direct Taxes (CBDT) has announced the extension of the due date for filing Income Tax Returns (ITR) for corporates in the assessment year 2024-25, The Ministry of Finance said in an official release on Saturday.
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Govt should prioritise review of Income Tax Act, get it passed as money bi
Updated : 1 year, 4 months ago IST
SBI research in a report has advocated for quicker review of the Income Tax Act as announced in Budget 2024-25.
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Govt reduces charges for TDS default from multiple rates of 2,3 and 5 pc t
Updated : 1 year, 4 months ago IST
The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process easier and more accessible for taxpayers, according to a statement by Ministry of Finance.
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CBDT issues Revised Guidelines for compounding offences under IT Act
Updated : 1 year, 4 months ago IST
In conformity with the Finance Minister's budget announcement on simplification and rationalization of compounding procedure, The Central Board of Direct Taxes (CBTD) issued Revised Guidelines for Compounding of offences under the Income-tax Act, 1961 on Thursday.
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Reminder for International Businesses: Transfer Pricing Deadline in India
Updated : 1 year, 5 months ago IST
New Delhi [India], October 11: Businesses with operations in India or conducting transactions with related parties there should be aware of upcoming transfer pricing deadlines. The Income Tax Act, 1961, outlines regulations for these transactions, and all such activity must be reported by Oc
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CBDT forms committee to comprehensively review Income-tax Act
Updated : 1 year, 5 months ago IST
The Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act), as was announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman.
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