Reference to CBDT Circular No. 05/2024 dated 15th March 2024, the monetary limits has been revised vide Circular No 09/2024 dated 17th September 2024 for filing income tax appeals by the Department before Appellate Tribunal, High Court and Supreme Court. Click on the links below to view the circulars: Circular No 09/2024 dated 17th September…
As per the recent CBDT Circular No. 08/2024 dated 5th Aug ’24, it has been provided that in the event of death of the Deductee / Collectee on or before 31.05.2024, higher deduction / collection rate under Section 206AA / 206CC will not apply if the deceased had not linked their PAN with Aadhaar. Click…
Starting from 1st April 2025, a significant change is being introduced regarding the filing of Correction Statements. Under the current provisions, taxpayers have the flexibility to file correction statements for any period, as many times as needed, with practically no restrictions on the timeframe. However, this will soon change with the new rules limiting the…