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The Finance Act (No. 2) 2024 has introduced a new tax provision—Section 194T—that could significantly alter how partnerships manage partner payments. With a 10% tax deduction at source (TDS) now…
Government Maintains Interest Rates on Small Savings Schemes for Q1 FY 2024-25 The government has decided to keep the interest rates unchanged on various small savings schemes for the first…
Exploring Small Savings Schemes: April-June 2024 Interest Rates As the Reserve Bank of India (RBI) maintains key interest rates and the government keeps small savings scheme rates unchanged for April-June…
Income Tax Department Sets Ceiling for Small Tax Demands Withdrawal The Income Tax department has prescribed a ceiling of Rs 1 lakh per assessee for withdrawal of small tax demands…