CBIC’s Notification No. 52/2024 appoints officers as Common Adjudicating Authorities for show cause notices against Ian Macleod Distillers India Pvt. Ltd.
Learn how to identify Significant Beneficial Owners (SBO) under Indian corporate law. Understand recent updates, compliance obligations, and practical examples.
Discover the Vivad Se Vishwas Scheme 2024, a landmark initiative to resolve tax disputes and reduce litigation under the Income-tax Act, 1961. Learn about its key provisions and benefits.
Chhattisgarh HC clarifies that abduction of a minor doesn’t always fall under Section 366 IPC; proving the accused’s intent is crucial. Ruling on Thanda Ram Sidar case.
Budget 2024 extends the scope for lower deduction/collection certificates under Sections 197 and 206C, effective from October 2024.
Budget 2024 introduces provisions for exempting or reducing TCS on certain transactions. Effective from October 2024.
Budget 2024 reduces penalty relief period for TDS/TCS statement filing from one year to one month. Changes effective April 2025.
Budget 2024 introduces new deadlines and penalties for non-resident liaison offices in India. Amendments effective April 2025.
Budget 2024 introduces a six-year limit for filing TDS/TCS correction statements. Amendments to sections 200 and 206C will be effective from April 2025.
For AY 2024-25, income tax rates remain unchanged across various categories, including individuals, companies, and co-operative societies. Surcharge and cess details included.
