CBDT circular

ITR filing 2025: Form 16, Form 24Q formats tweaked, CBDT issues circular on salary, surcharge updates

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ITR filing 2025: Form 16, Form 24Q formats tweaked, CBDT issues circular on salary, surcharge updates

ITR filing 2025: The Central Board of Direct Taxes (CBDT) has released a recent circular outlining the updated guidelines for tax deductions from salary as per section 192 of the Income Tax Act, 1961. The circular also incorporated the modifications introduced in the Finance Acts of 2024 and 2023. The CBDT circular, dated February 20, … Read more

ITR 2024: Can you flip your tax regime at this time of the financial year? Here are top points to note

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ITR 2024: Can you flip your tax regime at this time of the financial year? Here are top points to note

Income Tax returns: With the two tax regimes — New Tax Regime and Old Tax Regime — in play, the taxpayers now have the power to choose the suitable tax regime every year to control the tax outgo. Union Finance Minister Nirmala Sitharaman, in an effort to enhance the attractiveness of the New Tax Regime … Read more