The Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS/TCS returns before submission. This update introduces several…
View More New File Validation Utilities (FVUs) Version 8.9 & 2.185 released on 27th December, 2024Month: December 2024
Section 194 – TDS on Dividend
Dividend received by resident shareholders are now taxable as per the income tax slab rates. Sec 194 has gained prominence as TDS shall be deducted…
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Cabinet Committee Approves PAN 2.0: A New Era for Tax Management
Introduction to PAN 2.0 Project The Cabinet Committee on Economic Affairs (CCEA) has officially approved the long-anticipated PAN 2.0 project, as outlined in the press…
View More Cabinet Committee Approves PAN 2.0: A New Era for Tax ManagementPAN 2.0 Receives CCEA Approval
The Cabinet Committee on Economic Affairs (CCEA) has approved the much-awaited PAN 2.0 Project by the Income Tax Department, as announced in the press release…
View More PAN 2.0 Receives CCEA ApprovalSection 194N: Exemptions for Foreign and International Entities
The Central Government has provided a significant update in the recent notification vide number 123/2024 regarding the applicability of Section 194N of the Income-tax Act,…
View More Section 194N: Exemptions for Foreign and International Entities