Tag: Income Tax Act

The government on Friday denied reports suggesting GST levying on UPI transactions exceeding Rs 2,000, calling such claims “completely false, misleading, and without any basis.”In an official statement, the finance ministry said, “Currently,...
The Ministry of Finance has categorically denied recent rumors suggesting that it is planning to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000. In an official statement issued...

CBDT extends ITR filing deadline for corporates till November 15

The Central Board of Direct Taxes (CBDT) on Saturday announced an extension for the due date to file Income Tax Returns...

Govt should prioritise review of Income Tax Act, get it passed as money bill: SBI Research

New Delhi: SBI Research in a report has advocated for quicker review of the Income Tax Act as announced in Budget 2024-25. The...

New TDS rates from October 1, 2024: What are the revised tax deducted at source rates? Check list of changes for these transactions

The concept of TDS was introduced with an aim to collect tax from the very source of income. (AI image) New TDS...

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