Discover the main points and requirements outlined in CBDT's interim plan for the 2024-25 fiscal year

The Indian Goods and Services Tax (GST) is poised for an exciting future! This blog post delves into potential changes in GST regulations, including rate rationalization and e-commerce focus. We also explore how advancements like AI and blockchain will shape the GST system. Learn how businesses can adapt to these changes and thrive in the evolving tax landscape.

Tax Deducted at Source (TDS) helps prevent tax evasion by deducting taxes from an individual's income before they receive it. The collector deducts tax at a predetermined rate.

The CBDT has released Income Tax Return Forms well ahead of time for the Assessment Year 2024-25.

This initiative allows specific GST taxpayers to file appeals against GST tax demand orders until January 31, 2024.

In a surprising and welcome move, the CBDT, acting as an early Santa Claus this year, introduced changes to the ITR Forms 1 and 4 for the Assessment Year 2024-25.