New Taxation rules from Today TAXCONCEPT

Starting October 1, 2023, significant changes are set to roll out in the relation to tax collection at source (TCS) in India. These modifications will have an impact on various financial transactions, especially those involving overseas expenses. Whether you’re planning international travel, investing in foreign assets, or financing higher education abroad, these new TCS rules … Read more

RBI ने लिया बदा फ़ैसला. 2000 रुपये का नोट लेकर नहीं गए हैं बैंक तो मनाइए ख़ुशी, मिल गया तोहफ़ा

आरबीआई ने 7 अक्टूबर तक 2000 के नोट जमा कराने का बढ़ाया समय आरबीआई ने 2000 के नोट जमा कराने का समय बढ़ा दिया है। अब आमजन 7 अक्टूबर तक 2000 के नोट जमा करा सकेंगे। पहले आरबीआई ने 30 सितंबर 2023 नोट जमा कराने की डेडलाइन तय कर रखी थी।

Income Tax Department sends notices for mismatch ITRs filed TAXCONCEPT

This year, 22,000 taxpayers, including high-net-worth individuals, salaried individuals, and trusts, have received notices from the Income Tax Department because their deductions don’t match the information on their Form 16 or Annual Information Statement (AIS). According to a report in The Economic Times, all these intimation notices were sent for the tax returns filed for … Read more

 New Manufacturing Co-Operative Societies Can Now Opt For 15% Concessional Tax Rate: CBDT TAXCONCEPT

The CBDT has notified new rule and form for new manufacturing Co-Operative Societies to opt for 15% concessional tax rate.  The Income-tax (Twenty-Third Amendment) Rules, 2023 has been notified to amend Income-tax Rules, 1962. The exercise of an option under section 115BAE(5) is covered by the new rule 21AHA. For any prior year relevant to … Read more

The Income Tax Department has issued an Advisory on Digital Signature Certificate(DSC) TAXCONCEPT

The Income Tax Department has issued an Advisory on Digital Signature Certificate(DSC). The Digital Signature Certificate (DSC) has emerged as a globally trusted, secure, and safe digital tool that streamlines all of your e-filing processes. DSC has many such features that provide a cyber-free environment for your confidential information and records for e-filing income tax returns online. According to the revised … Read more