Salary & family pension deductions enhanced for new tax regime. Standard deduction up from Rs. 50K to Rs. 75K. Family pension deduction up to Rs. 25K/...
Income Tax: Non-residents with liaison offices in India must file annual statements regarding their activities within a prescribed period. Failure to comply will attract penalties of Rs. 1,000 per day for up to 3 months, and Rs. 1 lakh thereafter, unless reasonable cause is proven. These provisions will be effective from April 1, 2025.
Income Tax: Non-residents with liaison offices in India must file annual statements regarding their activities within a prescribed period. Failure to comply will attract penalties of Rs. 1,000 per day for up to 3 months, and Rs. 1 lakh thereafter, unless reasonable cause is proven. These provisions will be effective from April 1, 2025.
Note: It is a system-generated summary and is for quick reference only.