The Indian government's introduction of PAN 2.0 marks a significant advancement in the nation's digital infrastructure, positioning the Permanent Account Number (PAN) as a universal identifier across various platforms. This
The Income Tax Department has extended the deadline for the Vivad Se Vishwas Scheme 2024, allowing taxpayers to settle ongoing disputes by paying a reduced amount of tax. The new
The Income Tax Department has extended the deadline for filing revised and belated Income Tax Returns (ITRs) for the Assessment Year 2024-25 to January 15, 2025. This extension provides resident
As the financial year progresses, taxpayers are looking for effective ways to minimize their tax liabilities while building wealth. Here's a detailed overview of the top investment options under Section
As the financial year progresses, employers are reminding their employees to submit proofs of tax-saving investments and expenditures. This submission is crucial for employees who have opted for the old
The Income Tax Department has updated the Excel utilities for Income Tax Return (ITR) Forms 2 and 3, enabling eligible taxpayers to claim the Section 87A tax rebate for the
The Income Tax Department has issued a cautionary advisory highlighting that specific cash transactions may attract penalties equal to the amount transacted. This initiative aims to curb the prevalent use
The Finance (No.2) Bill, 2024 has proposed changes in the CGST Act, IGST Act, UTGST Act and GST (Compensation to States) Act, 2017through Clauses 110 to 146 of the Bill
India is growing at an accelerated pace, and people are undertaking multiple financial transactions. The Income Tax Department has established a robust framework for reporting taxpayers' transactions. The provisions of
ELSS (Equity Linked Savings Scheme) Mutual Funds, also known as tax-saving mutual funds, provide a double advantage of potential capital growth and tax benefits under Section 80C of the Income