WebJan 11, 2024 · In the above Circulars, the CBDT has clarified that the extension of due dates for filing of Income Tax Return shall not affect the provisions under Explanation 1 to section 234A (Interest for default in furnishing ITR), if amount of tax payable exceeds Rs. 1 lakh. WebApr 11, 2024 · Sujit Talukder Tuesday, April 11, 2024. CBDT notifies the Cost Inflation …
CBDT Releases Direct Tax Statistics from FY 2000-01 to FY 2024-22
WebApr 1, 2024 · This would mean that, for example, if the interest paid on a bank fixed deposit exceeds Rs 40,000 between April 1, 2024, and March 31, 2024, then the bank would deduct tax on the interest paid at the rate of 10% instead of 7.5% in the previous financial year 2024-21. Given below are the TDS rates applicable from April 1, 2024: Web2. Actual Expenditure for the FY 2024-20 for current and development expenditure must be submitted as per format available under BO/NIS Form. Revised Estimates 2024-21 3. Revised Estimates for the FY 2024-21 for current and development expenditure must include, among other things, the following: can shellac come off with nail polish remover
CBDT Notifies Cost Inflation Index (CII) for FY 2024-24 (AY 2024-25)
WebApr 1, 2024 · Form ITR-1 Sahaj is to be used for filing of Income Tax Return by resident individuals (other than not ordinarily resident) having total income of upto Rs. 50 lakh (AY 2024-22), which includes income from Salary/ Pension, one House Property, Other Sources (Interest income and/ or family pension). WebJul 15, 2024 · NRI Status for Financial Year 2024-21: New Circulars SBNRI Team July 15, 2024 · 14,082 views The residential status of an individual, as to whether he/she is a resident Indian or a non-resident (NR) or not ordinarily resident depends on the period of a person’s stay in India during the previous year or years preceding the previous year. WebApr 9, 2024 · Rates in Force. 194Q. TDS on Purchase of Goods exceeding Rs. 50 Lakhs (Applicable From 01-July-2024) In Excess of Rs. 50 Lakhs. 0.1%. 0.1%. Note: TDS Rates without PAN – 20% flat (if TDS is lower than 20%) Note: The above list covers most of the sections applicable for domestic transactions updated on 07.4.2024. 1. flannels house of fraser