Center Extends Tax Respite to Congress: No Enforcement Measures on ₹ 3,500 Crore Demand
New Delhi: Ahead of the looming Lok Sabha elections, the Center delivered a notable reprieve to the Congress party, affirming to the Supreme Court today its commitment to abstain from coercive measures in recovering tax liabilities exceeding ₹ 3,500 crore….
Bengaluru Introduces New Property Tax Structure, Expected Rent Burden Increase
Bengaluru, India, is set to implement a revised property tax structure effective April, likely exacerbating financial obligations for property owners leasing their premises for residential and commercial use within the city limits. The forthcoming adjustment in property tax values is…
Union Budget 2024: No Changes Proposed to Income Tax, Affirms Finance Minister Nirmala Sitharaman
In her pre-election Budget, often referred to as an interim Budget, Finance Minister Nirmala Sitharaman declared that she does not intend to make any alterations to taxation, be it direct or indirect. She emphasized that the current taxation structure will…
ITR Filing 2023: Deadline for Advance Tax Payment Ends Tomorrow; Consequences of Missing the Deadline
If you intend to settle your advance tax, the deadline for doing so is December 15. The second installment of advance tax for the third quarter of the 2024 financial year must be deposited by this date. Failing to meet…