Section 119A of the Income Tax Act introduces a Taxpayer's Charter to reinforce transparency, efficiency, and fairness in India’s tax administration. The Taxpayer's Charter, empowered by the Central Board of…
Introduction Section 119 of the Income Tax Act empowers the Central Board of Direct Taxes (CBDT) to issue instructions, orders, and directions to tax authorities to ensure the effective administration…
In the realm of Indian taxation, the government continually strives to widen and deepen the tax net, ensuring all avenues of income are effectively taxed. One such recent initiative is…
The Securities Transaction Tax (STT) is a crucial levy on transactions involving specified securities in India, introduced via the Finance (No.2) Act, 2004. This tax is collected by recognized stock…