CBDT has notified new Income Tax Rule 133 for furnishing details of TDS u/s 194BA in quarterly TDS Statements . Salary Certificate Form 16 revised form AY 2024-25
The CBDT has notified the Income-tax (Fifth Amendment) Rules, 2023 prescribing furnishing details of TDS u/s 194BA in the quarterly TDS Statement/Returns i.e. Form 2. Salary Certificate Form 16 has also been revised w.e.f. AY 2024-25.
The newly inserted Rule 133 prescribes formula for calculating net winnings from online games.
Apert from above, Form No. 16 (Salary Certificate) has also been revised with effect from 1st July 2023 and shall be applicable for the assessment year 2024-25 and subsequent assessment years.
Date of digital signature and issuance determines the date of a notice u/s148 of the Income Tax Act - ITAT…
DGFT authorises IACCIA to issue Certificate of Origin (Non- Preferential) w.e.f. 9th January 2026 In exercise of powers conferred under…
Net profit rate may not per se experience variation commensurate to the increase of turnover. In a recent judgment, Allahabad…
Mushroom growing apparatus cannot be classified as ‘agricultural machinery’ under Customs Tariff Heading 8436. In a recent judgment, Hon'ble Supreme…
Statutory presumption attached to issuance of a cheque, being one made in discharge of a legally enforceable debt or liability,…
Merely because the authority conducting auction expects higher bid than the highest bidder is no reason to discard the highest…