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New Delhi: The Central Board of Direct Taxes (CBDT) recently notified Rules and Forms for Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, which will come into force with effect from tomorrow (1 October 2024). The Direct Tax Vivad Se Vishwas Scheme provides for lesser settlement amounts for a ‘new appellant’ in comparison to an…
New Delhi: From 1 October 2024, several proposals announced by Finance Minister Nirmala Sitharaman during her Budget 2024-25 announcement will come into effect. Here Are 6 Income Tax Rules That Will Be Effective From October 1 1. Discontinuation of quoting Aadhaar Enrolment ID The government will discontinue the quoting of Aadhaar Enrolment ID in…
New Delhi: The Central Board of Direct Taxes (CBDT) has notifies Rules and Forms for Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, which will come into force with effect from 1 October 2024. The Direct Tax Vivad Se Vishwas Scheme provides for lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old…
New Delhi: Goods and Services Tax (GST) is one of the major economic reforms in the last decade in India which replaced the Value Added Tax (VAT) system. It paved the way for economic growth, lower logistics costs, and ease of doing for the business. Now the Union government is focusing on GST 2.0 which…
New Delhi42 minutes ago copy link Relief has been given regarding income tax in the budget. Under the new tax regime, now tax will have to be paid at the rate of 5% on income of Rs 3 lakh to Rs 7 lakh. Earlier it was up to Rs 6 lakh. Changes have also been…