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.
Discover key amendments in Customs duties and tariff rates effective July 2024, including changes in Basic Customs Duty, Health Cess, and new tariff adjustments.
Key changes in excise duty and Clean Environment Cess under Finance (No. 2) Bill, 2024, including extended deadlines and exemptions.
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.
Starting October 1, 2024, Commissioners (Appeals) will gain new powers to set aside and refer best judgment assessments back to Assessing Officers.
SEBI invites public comments on amendments to the CRA Master Circular. Share your views on the definition of technical defaults by August 15, 2024.
