Budget 2024 Direct Tax Proposals – ₹0-3 lakh: Nil – ₹3-7 lakh: 5% – ₹7-10 lakh: 10% – ₹10-12 lakh: 15% – ₹12-15 lakh: 20% – Above ₹15 lakh: 30% The old slab… Read More

Budget 2024 Direct Tax Proposals – ₹0-3 lakh: Nil – ₹3-7 lakh: 5% – ₹7-10 lakh: 10% – ₹10-12 lakh: 15% – ₹12-15 lakh: 20% – Above ₹15 lakh: 30% The old slab… Read More
The CBDT on Tuesday 1st November, 2022 proposed to introduce a common ITR form merging all existing ITR forms except ITR-7. As per CBDT the new common ITR form will be user friendly. Also CBDT proposed that the income from… Read More
The CBDT Notification 19/2021 dated 26th March, 2021 notified that a statement in Form 10BD is required to be submitted by all the entities registered under section 80G and Section 35(1) of the Income Tax Act. Post filing of the… Read More
Prior to the Finance Act, 2020, there was a uniform rate of TDS under Section 194J of the Income Tax Act, the amendment has now introduced another rate of 2% TDS in addition to the existing 10% for certain payments.… Read More