Central Board of Direct Taxes (CBDT) has notified April 30 as the last date, on or before which a declaration in respect of tax arrears can be filed by taxpayers under the Direct Tax Vivad se Vishwas Scheme, 2024. This declaration is meant to be made to the designated authority, the CBDT circular says. Income Tax … Read more
PPF news: Public Provident Fund investors are in for a good news this new financial year! From now on, you do not have to pay any fees if you want to update or modify your nominee details in your PPF account. The new PPF rule comes as part of some changes made in the Government … Read more
Union Finance Minister Nirmala Sitharaman on Feb 13 tabled the new Income Tax Bill in the Parliament. This was a landmark move as the entire 64-year-old income tax law was overhauled and the older complex provisions were made simpler and lucid amid much fanfare. One of the key arguments given by the Finance Minister was … Read more