https://www.taxtmi.com/news?id=27665 The Bill prescribes income tax rates and surcharge for AY 2024 25, revises capital gains and withholding tax rates, inserts section 44BBC for cruise ship taxation, replaces Chapter XIV B with a new block assessment regime for search/requisition cases, introduces the Direct Tax Vivad Se Vishwas Scheme, substantially reforms TDS/TCS and procedural timelines, and inserts CGST section 74A for determination of tax short payments and related penalty and limitation rules, with numerous consequential amendments across direct and indirect tax statutes. en-us Tue, 23 Jul 2024 12:39:21 +0530 Wed, 11 Feb 2026 16:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27665 The Bill prescribes income tax rates and surcharge for AY 2024 25, revises capital gains and withholding tax rates, inserts section 44BBC for cruise ship taxation, replaces Chapter XIV B with a new block assessment regime for search/requisition cases, introduces the Direct Tax Vivad Se Vishwas Scheme, substantially reforms TDS/TCS and procedural timelines, and inserts CGST section 74A for determination of tax short payments and related penalty and limitation rules, with numerous consequential amendments across direct and indirect tax statutes. News - Tue, 23 Jul 2024 12:39:21 +0530 https://www.taxtmi.com/news?id=27665