Tag: tax

Central Board of Direct Taxes extends deadline for filing audit reports of FY24 to October 7

According to a circular (No. 10/2024, reference 225/205/2024-ITA-II) issued by the CBDT on Sunday, the deadline for filing these reports has been pushed from September 30 to October 7, this year.

September 30, 2024

Government implements uniform 5% tax on aircraft, engine parts

India's aviation sector is expected to overtake China and the United States as the world's third-largest air passenger market in the next ten years, by 2030, according to the International Air Transport Association (IATA).

July 16, 2024

Net direct tax collections for FY 2023-24 grow at over 19.88 p.c.

The gross collection of Rs 22,27,067 crore includes CIT at Rs 10,98,183 crore and PIT, including STT at Rs 11,25,228 crore.

March 20, 2024

Personal finance: Does selling gold purchased in wife’s name attract tax?

However, the same is not the case if such a transfer is not made against adequate consideration as a part of a divorce settlement or under an agreement to live apart.

September 5, 2023