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Tax Alert! CBDT Releases Updated ITR Form 5, Check All The Changes HERE

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|Date: May 03, 2025

Tax Alert! CBDT Releases Updated ITR Form 5, Check All The Changes HERE

The Central Board of Direct Taxes (CBDT) has officially notified the updated Income Tax Return (ITR) Form ...

The Central Board of Direct Taxes (CBDT) has officially notified the updated Income Tax Return (ITR) Form 5 for the assessment year 2025–26, introducing several important modifications. Sharing the up ...

May 03, 2025
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Tax Alert! Watches, Handbags, And Other Luxury Purchases Over Rs 10 Lakh To Face 1 Per Cent TCS

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|Date: April 23, 2025

Tax Alert! Watches, Handbags, And Other Luxury Purchases Over Rs 10 Lakh To Face 1 Per Cent TCS

The Income Tax department has expanded the scope of Tax Collected at Source (TCS) to cover more luxury it ...

The Income Tax department has expanded the scope of Tax Collected at Source (TCS) to cover more luxury items, with a new notification dated April 22. Effective from January 1, 2025, 1 per cent TCS wi ...

April 23, 2025
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