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Form 12BAA: New Form Allows Employees To Lower TDS With Additional Tax Disclosures
The choice of tax regime determines the applicable tax deductions, with employees needing to submit investment declarations ...
New relief for income taxpayers: CBDT allows other person to claim TCS credit for tax paid on expenses like foreign travel, study abroad
The income tax department has amended the income tax laws to allow claiming of tax collected at source credit to other person ...
devdiscourse1d
CBDT Simplifies Compounding Procedures with Overhauled Guidelines
The Central Board of Direct Taxes (CBDT) has introduced revised guidelines for compounding offences under the Income-tax Act, ...
CBDT issues new form to give details on 'other taxes' paid by employees
Employees have to use Form 12BAA to report to employers any deductions from sources of income other than their salaries ...
CBDT Introduces Form 12BAA: How It Will Help Employees To Reduce TDS On Salaries? Check Here
The CBDT has announced a new form i.e. Form 12BAA. This will help in adjusting TDS on salary. Here is what it is, how it will ...
Salaried employees take note! Reduce TDS from salary with new Form 12BAA released by CBDT - details here
CBDT has introduced Form 12BAA to enable employees to inform their employers about TDS and TCS from other income sources, ...
Updated income tax rules: How new tax forms can help parents claim TCS credits for children’s foreign education
With these updates, various individuals will now have the option to claim Tax Collected at Source (TCS) credits in lieu of ...
Tax Guru1d
CBDT Issues Revised Guidelines for Compounding Income Tax Act Offences
In conformity with the Finance Minister’s budget announcement on simplification and rationalization of compounding procedure, ...
CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
Scheme, 2024, was announced in the Union Budget 2024-25 by the Union Finance Minister to resolve pending income tax disputes ...
The Financial Express1d
CBDT simplifies guidelines for compounding offences under Income Tax Act
To further facilitate compounding for companies and Hindu Undivided Families (HUFs), the requirement for the main accused to ...
Relief against income tax offences: New compounding guidelines issued by CBDT to help taxpayers in preventing prosecution
The guidelines for compounding of income tax offences have been simplified inter-alia by eliminating the categorization of ...
New tax form for 2025: CBDT issues Form 12BAA that would give details on other taxes paid by employees
Through the Form 12BAA, the employees are required to use the newly introduced Form 12BAA to inform their employers about the ...