Budget Impact: Income Tax Dept. to issue AY 2018-19 Notices in Coming Months in View of Capped Reassessment Periods
With the recent amendment introduced in the latest budget, the income tax department ( IT ) cannot go back more than five years for the purpose of...
Budget 2024: Government likely to Allocate Budget Outlay of Rs 3 Trillion in FY 2025 to Indian Railways
The Indian Railways is expected to receive a boost in capital expenditure in the upcoming interim budget as the Central Government is likely to allocate Budget outlay of Rs 3 trillion in FY 2025. The...
Interim Budget 2024: RBI MPC Member Ashima Goyal Recommends Income Tax on Rich Farmers in Budget Wishlist
A member of the Reserve Bank of India's Monetary Policy Committee (MPC), Ashima Goyal, has suggested the imposition of income tax on affluent farmers as part of her wishlist for the upcoming Interim...
CBIC releases Advisory on System changes vide Budget 2024-25, ICES to become inactive during these hours
The Directorate General of Systems and Data Management, under the Central Board of Indirect Taxes & Customs (CBIC), has issued a crucial advisory, outlining the impending changes in the Indian...
Budget 2024: Insurers suggests Introduction of Separate Tax Deduction Limit for Life Insurance, Waiver of Taxation on Annuity and Pension Products
The life insurers want the government to introduce a separate tax deduction limit exclusively for life insurance premiums paid, bring life insurance annuity and pension products at par with the...
