The choice of tax regime determines the applicable tax deductions, with employees needing to submit investment declarations ...

In addition to procedural simplifications, the compounding charges have also been rationalized. The interest charges for delayed payment of compounding fees have been abolished.

The quarter-finals of the 4th Hockey India Senior Women Inter-Departmental National Championship 2024 featured dominant disp ...

The quarter-final matches of the 4th Hockey India Senior Women Inter-Departmental National Championship 2024 were filled with excitement and dominant performanc ...

Compounding of offences is a process that allows taxpayers who have breached specific provisions of the Income Tax Act to ...

The time-series data reveals another trend -- of personal income tax collections surging higher than corporate tax ...

The country's north, central, and eastern parts have fallen further behind, with the share falling to 25.6 percent in FY24 ...

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 ...

With these updates, various individuals will now have the option to claim Tax Collected at Source (TCS) credits in lieu of ...

Guidelines will reduce complexities arising out of existing multiple guidelines, simplify the compounding procedure and lower ...

Parents or guardians who pay TCS on tuition fees for their children studying overseas can now transfer the credit to their ...