In a welcome relief to businesses and tax practitioners, the Central Board of Direct Taxes (CBDT) recently issued Circular No. 13/2024, announcing an extension of the income tax return (ITR) filing deadline for Assessment Year (AY) 2024-25. This decision comes amid growing concerns from corporate entities and auditors facing tight […]
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What are the New Tax Regime and its benefits?
Income tax is like a bill we all have to pay to the government if we earn a certain amount of money. It’s the government’s way of collecting money to pay for things like roads, schools, and hospitals. The rules about how much we have to pay and when can […]
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