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From Vivad Se Vishwas to Forms 15G and 15H, these 5 income tax deadlines expire today. Check list
A number of income tax-related deadlines expire on April 30. These include Vivad Se Vishwas, uploading declarations from recipients in Form 15G and 15H and depositing TDS for the period between ...
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Income Tax Department Rules change: Crores of taxpayers to get major relief, salaried employees can claim…
In its notification, the Finance Ministry has said that subsection 2B of section 192 of the IT Act 1961 has been amended under the Finance Act 2024. This will include any TDS or TCS (Tax Collected ...
Mint7mon
How salaried taxpayers can increase their take-home pay after this rule change
The Union Budget 2024-25 amended section 192 of the Income Tax Act. As per this amendment, which became effective on 1 October 2024, salaried taxpayers will now be able to claim the benefit of ...
Using Stablecoins For Salary Payments: Reporting Crypto Income Under Current Tax Codes
Getting paid in cryptocurrency is completely taxed in India. The cryptocurrencys Fair Market Value (FMV) on the day of ...
The Financial Express8mon
Can taxpayers use TCS to meet their advance tax obligations?
The Finance Act (No. 2) of 2024 has vide section 192(2B) of the Income Tax Act enabled employers to give credit of any TCS in case of an employee, which is deducted and reported by such an ...
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What does ending tax exemptions for Christian clergy mean for Hindu Undivided Family benefits?
The Madras High Court eventually held that salaries paid to nuns and missionaries working as teachers in government-aided schools are subject to tax deduction at source under Section 192 of the ...