CIT(A) empowered to remand the best judgment cases back to the Assessing Officer for making a fresh assessment. Union Budget 2024-25 has proposed to empower the CIT(Appeals) to set aside and remand the best judgment cases back to the Assessing Officer for making a fresh assessment. Currently, CIT(A) …
Time limit of six years has been proposed to file TDS/TCS correction statement. The Union Budget 2024-25 has proposed a time limit of six years to file TDS/TCS correction statement. Currently, there is a time limit for furnishing statements detailing the TDS/TCS, however, there is no time limit …
Limit of Standard Deduction has been increased from Rs. 50000/- to Rs. 70000/- for AY 2025-26 for those opting New Tax RegimeĀ Union Budget 2024-25 has proposed to increase the limit of Standard Deduction from existing Rs. 50000/- to Rs. 70000/- for AY 2025-26 for those salaried taxpayers …
Income Tax basic exemption limit and tax slabs for individuals & HUFs for AY 2025-26 as per Union Budget 2024-25 Proposals The basic income tax exemption limit and tax slabs for individuals under both New Tax Regime and Old tax Regime for AY 2025-26 are as under: (A) …
Section 87A Rebate for AY 2025-26 for New Tax Regime and Old Tax Regime as per Union Budget 2024-25. Amendment, amount and eligibility Section 87A Rebate for AY 2025-26. No change has been prescribed under section 87A rebate for the AY 2025-26 and rebate shall remain the same …
Union Budget 2024-25 – Highlights of Tax Proposals – Watch Live The Union Finance Minister MS Sitharaman shall be presenting Union Budget 2024-25 on 23rd July 2024 at 11AM. Watch live Highlights of Tax Proposals. This is the first Budget that is to be presented by the BJP …