[ad_1] The last date to file the belated or revised Income Tax Returns (ITR) for the assessment year 2024-25 is January 15. The Central Board of Direct Taxes (CBDT), earlier, announced December 31, 2024, as the deadline but extended it by 15 days to provide more time to the taxpayers to file their returns. Index […]
GST new rule from April 2025: No input tax credit if e-invoice not uploaded within 30 days – CNBC TV18
[ad_1] The Goods and Services Tax Network (GSTN) has introduced a change to the e-invoicing process for businesses. Starting April 1, 2025, taxpayers with an annual aggregate turnover (AATO) of ₹10 crore and above must upload e-invoices to the Invoice Registration Portal (IRP) within 30 days from the date of invoice issuance. Currently, this 30-day […]
New income tax rules: How to qualify for interest waiver or reduction on delayed payments – CNBC TV18
[ad_1] The Income Tax Department has issued fresh guidelines allowing tax officials to either waive or reduce the interest that taxpayers owe on delayed payments, provided certain conditions are met. This adjustment is intended to streamline the relief process, especially for taxpayers facing financial hardships. What the law says Under Section 220(2A) of the Income […]