Monthly Archives: August 2024

NEW TAX ON SALE OF LAND OR BUILDING AFTER 23RD JULY 2024 I section 54, 54F Examples I CA SATBIR SIGH

Finance Bill (No 2) 2024 proposed to intsert Sectiion 194T Income Tax Act from 01.04.2025 (AY 2025-26) . Section 194T Income Tax Act Payments to partners of firms. After section 194S of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2025, namely:–– “194T. (1) Any person,… Read More »

NEW CHANGE FOR TDS ON PURCHASE OF PROPERTY FROM 1ST OCT 2024 I FORM 26QB

Ministry of Finance CBDT relaxes provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar Posted On: 07 AUG 2024 2:59PM by PIB Delhi The Central Board of Direct Taxes (CBDT) has relaxed provisions of TDS/TCS in event of death of deductee/collectee, before linkage of PAN and Aadhaar. In view… Read More »

Big Relief Capital Gains Tax on sale of Land and Building FY 2024-25 I Budget 2024 options Now I