(Indian Medical Association, Kerala State Branch v. Union of India & Others, Judgment dated 11 April 2025)
In a judgment that has captured the attention of industries, professional bodies, clubs, RWAs, and tax pract ...
1. What is Annual Information Statement (AIS)?
The Annual Information Statement (AIS) provides a comprehensive view of a taxpayer’s financial information, as reflected earlier in Form 26AS. It displays details reporte ...
Introduction
1. The Finance Act, 2024, introduced a new provision, Section 194T, into the Income-tax Act, 1961 (“the Act”), mandating Tax Deduction at Source (“TDS”) on payments made by firms to their partners. ...
The Goods and Services Tax (GST) framework has undergone a significant change on October 10, 2024. This new notification, introduced by the government, focuses on non-residential rental transactions. The key change is th ...
Resident Taxpayers mandated to disclose Foreign Asset and Income
The recent launch of the Compliance-Cum-Awareness Campaign by the Central Board of Direct Taxes (CBDT) aims to assist taxpayers in accurately reporting fo ...
The Central Board of Direct Taxes (CBDT) has introduced important amendments to the Income Tax Rules, 1962, aimed at simplifying the process for claiming Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) cre ...
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