Investing in mutual funds can be a powerful way to grow your wealth, but the key to maximizing your returns lies in making informed choices.
CBIC’s Notification No. 52/2024 appoints officers as Common Adjudicating Authorities for show cause notices against Ian Macleod Distillers India Pvt. Ltd.
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.
From April 2025, TPOs can determine ALP for SDTs not initially referred or reported. This ensures accurate adjustments and compliance with new regulations.
Starting October 2024, Aadhaar Enrolment ID can no longer be used for PAN applications or income returns. Quoting Aadhaar numbers becomes mandatory to prevent misuse.
From October 2024, applicants can withdraw advance ruling requests pending with the Board for Advance Rulings by October 31. Final decisions due by December 31, 2024.
