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No Tax Exemption for Concessional or Interest-Free Loans from Employers, Rules Supreme Court

No Tax Exemption for Concessional or Interest-Free Loans from Employers, Rules Supreme Court Understanding the Tax Implications of Concessional Interest Rate Loans for Bank Employees Employees who receive loans at a concessional interest rate from their employers are required to pay income tax, leading to a significant impact on their tax outgo. This practice is […]
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MCA Orders Update of Corporate Identification Numbers from “TS” to “TG”

MCA Orders Update of Corporate Identification Numbers from “TS” to “TG” Telangana Government Orders Change From “TS” to “TG” in State PSUs and Corporate Identification Numbers Amid recent developments, the Telangana Government has taken a significant step by issuing orders to modify all references of “TS” to “TG” in the names of State Public Sector […]
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How the New AIS Correction Status Update Feature Simplifies Income Tax Return Filing

How the New AIS Correction Status Update Feature Simplifies Income Tax Return Filing Introducing the Enhanced Annual Information Statement (AIS) Feedback System for Taxpayers Taxpayers facing inaccuracies in their Annual Information Statement (AIS) now have a solution at hand, thanks to the revamped AIS feedback system introduced by the Central Board of Direct Taxes (CBDT). […]
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Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 18.74%

Gross Direct Tax collections for Financial Year (FY) 2023-24 register a growth of 18.74% The provisional figures of Direct Tax collections for the Financial Year 2023-24 (as on 17.03.2024) show that Net collections are at Rs. 18,90,259 crore, compared to Rs. 15,76,776 crore in the corresponding period of the preceding Financial Year (i.e. FY 2022-23), […]
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Common offline utility for Form 3CA-3CD and 3CB-3CD has been released, and point regarding 43B(h) has been updated

Common offline utility for Form 3CA-3CD and 3CB-3CD has been released, and point regarding 43B(h) has been updated Common offline utility for Form 3CA-3CD and 3CB-3CD has been released, and point regarding 43B(h) has been updated (point no 26). Common offline utility for Form 3CA-3CD and 3CB-3CD Form 3CA-3CD: Audit report under section 44AB of […]
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Excel Utilities of ITR-1, ITR-2 and ITR-4 for AY 2024-25 are available for filing

Excel Utilities of ITR-1, ITR-2 and ITR-4 for AY 2024-25 are available for filing Excel Utilities of ITR-1, ITR-2 and ITR-4 for AY 2024-25 are available for filing. Click here to download. Offline Utilities for ITR-1, ITR-2, ITR-4 and ITR 6 for AY 2024-25 are available for filing. Click here to download. Income Tax Return Form of ITR-1, […]
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2024