A tribunal cannot recall an order to examine a matter not raised before it. Tribunal Order Recall Denied; Revenue Application Beyond Scope of Section 254(2) Issue: Whether the Income Tax Appellate Tribunal (Tribunal) can recall its order under Section 254(2) of the Income-tax Act, 1961, based on the revenue’s application claiming the Tribunal overlooked the… Read More »
New TDS and TCS Rules from 1st April 2025 Beginning April 1, 2025, the Finance Bill 2025 introduces several changes to Tax Deducted at Source (TDS) rules. Here is a table summarizing the key changes: TDS On Salary from 01.04.2025 AY 2026-27 Slab Rates in New Tax Regime AY 2026-27 The tax slab rates for… Read More »
Updated list of banks available for e-Pay Tax on Income tax Website The list of banks available for e-Pay Tax service at e-Filing portal is provided in the Latest Updates dated. Banks available at e-Filing Portal – 30 Banks S. No. Bank Name New/Migrated Bank Date of enablement at e-Pay Tax Service at e-Filing Portal… Read More »