BJP MP Tejasvi Surya Supports New Income Tax Bill

Income Tax Bill 2025: BJP MP Tejasvi Surya Unveils Revolutionary Overhaul to Simplify Tax System

Posted on February 13, 2025, by Niftynews In a significant development, BJP MP Tejasvi Surya expressed his support for the new Income Tax Bill on Thursday, emphasizing that the proposed legislation will modernize and simplify India Direct Taxation System. According to Surya, the bill aims to make compliance easier for Indian taxpayers by reducing litigation and…

Read More
Maximizing Benefits With Section 40a(2)(b) 6 Essential Insights On Mastering Domestic Transfer Pricing In The Gst Era

Section 40A(2)(b): Powerful Insights on Domestic Transfer Pricing in the GST Era

The landscape of domestic transfer pricing in India has been evolving, particularly in the context of the Goods and Services Tax (GST) regime. As businesses navigate the complexities of GST compliance and inter-unit transactions, several key legal developments have shaped the approach to transfer pricing, especially with respect to Section 40A(2)(b) of the Income Tax…

Read More
Taxpayers face issues claiming the Section 87A rebate on STCG income due to a technical glitch in the income tax e-filing system.

Critical ITR Filing Glitch: Section 87A Rebate Unavailable for Taxpayers – Urgent Action Required!

The Income Tax e-filing portal’s recent updates to the ITR-2 and ITR-3 forms have failed to resolve a significant issue preventing taxpayers from claiming the Section 87A rebate on Short-Term Capital Gains (STCG) income. With the revised ITR filing deadline of January 15, 2025, approaching quickly, eligible taxpayers continue to face uncertainty and complications in…

Read More
ITR Filing Deadline Extension Announcement by CBDT for AY 2024-25, Tax Filing Relief for Taxpayers

ITR Filing Deadline Extension: CBDT Announces Relief for Taxpayers – New Deadline for Belated and Revised ITR Filing till 2025

The Central Board of Direct Taxes (CBDT) has extended the deadline for resident individuals to file their belated or revised Income Tax Returns (ITR) for the Assessment Year (AY) 2024-25. Originally set for December 31, 2024, taxpayers now have until January 15, 2025, providing an additional two weeks for those who missed the original due…

Read More
Back To Top