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cbdt plan: Income Tax dept releases interim plan for FY25: Key focus on TDS and appeals processing

The income tax department in India has released an interim action plan for the fiscal year 2024-25, focusing on identifying cases of TDS short-payment and expediting appeals processing. The plan sets deadlines for refund approvals, asset release, and compounding proposals. It also emphasizes prioritizing appeals filed before and after April 1, 2020, with at least 150 appeals resolved by June 30. ....

Aravind Srivatsan , Sandeep Sehgal , Tax Partner , Central Board , Direct Taxe , Andersen Tax Leader , Cbdt Plan , Nangia Andersen Tax Leader , Direct Tax ,

Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals

The plan sets deadlines for refund approvals, asset release, and compounding proposals. Moreover, the identification of cases is also mentioned, where seized assets are due for release and release the same by June 30, 2024. ....

Aravind Srivatsan , Sandeep Sehgal , Income Tax Department , Income Tax , Tax Partner Sandeep Sehgal , Central Board , Direct Taxe , Nangia Andersen Tax Leader ,

CBDT Issues FY'25 Interim Action Plan For Tax Officers

CBDT Issues FY'25 Interim Action Plan For Tax Officers
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New Delhi , Aravind Srivatsan , Sandeep Sehgal , Central Board , Direct Taxes , Andersen Tax Leader Aravind Srivatsan ,

CBDT Issues FY'25 Interim Action Plan for Tax Officers

Taxpayers are now required to file applications before the assessing officer for pending refunds pertaining to their respective assessments. ....

Aravind Srivatsan , Sandeep Sehgal , Central Board , Direct Taxes , Andersen Tax Leader Aravind Srivatsan , Income Tax Department , Income Tax Officer ,

Concessional corporate tax rate of 15% for eligible 'start-ups' has not been extended beyond March 31, 2024

No extension of concessional tax rate: Interim Budget 2024 has disappointed the manufacturing start-up companies by not extending the sunset date for concessional corporate tax rate of 15% beyond March 31, 2024. Some industry experts are of the opinion that this non-extension might impact the government s Make In India initiative. ....

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