Explore amendments to section 80G for filing approval applications by funds and institutions, effective from October 2024, ensuring compliance with donation deduction norms under the Income-tax Act.
From April 1, 2025, firms must deduct 10% TDS on payments to partners exceeding Rs 20,000 annually, under new Section 194T of the Income-tax Act.
Learn about the updated timelines for processing applications by trusts, funds, and institutions seeking tax exemption under section 12AB or approval under section 80G, effective from October 2024.
From October 2024, TDS under section 194-IA will apply based on total consideration for property sales, not individual payments. Update to prevent evasion.
Explore Budget 2024’s new tax provisions on income from buy-back of shares for domestic companies. Learn how these changes impact shareholders and tax calculations.
The Finance (No.2) Act, 2004 revision increases STT rates on derivatives starting October 1, 2024. Key changes include updated rates on options and futures.
Learn about the rationalisation of provisions for charitable trusts and institutions under the Income-tax Act, merging two regimes to streamline exemptions and procedures. Changes effective from October 1, 2024.
From April 1, 2025, rental income from house properties must be reported under “Income from House Property,” not as business income.
Understand amendments to trust registration timelines under Income-tax Act section 12A. Learn how delays can be condoned by the Commissioner to avoid tax implications. Effective from October 2024.
Learn about the new block assessment provisions for cases involving searches under section 132 and requisitions under section 132A of the Income-tax Act, introduced to streamline assessments and reduce litigation.
