Explore Budget 2024’s new tax provisions on income from buy-back of shares for domestic companies. Learn how these changes impact shareholders and tax calculations.
The Finance (No.2) Act, 2004 revision increases STT rates on derivatives starting October 1, 2024. Key changes include updated rates on options and futures.
Learn about the rationalisation of provisions for charitable trusts and institutions under the Income-tax Act, merging two regimes to streamline exemptions and procedures. Changes effective from October 1, 2024.
From April 1, 2025, rental income from house properties must be reported under “Income from House Property,” not as business income.
Understand amendments to trust registration timelines under Income-tax Act section 12A. Learn how delays can be condoned by the Commissioner to avoid tax implications. Effective from October 2024.
Learn about the new block assessment provisions for cases involving searches under section 132 and requisitions under section 132A of the Income-tax Act, introduced to streamline assessments and reduce litigation.
Discover how Finance Act 2021 revamped assessment and reassessment procedures under Income-tax Act, impacting notices, time limits, and procedural requirements effective from September 2024.
Discover the proposed changes to Section 275 of the Income-tax Act, eliminating ambiguity in penalty imposition timelines. Effective from October 1, 2024, this amendment omits references to Chief Commissioners, streamlining penalty imposition rules.
The Finance Act 2023 integrates sections on refund set off and withholding into section 245 of the Income-tax Act, impacting how refunds are adjusted against tax demands and withheld during pending assessments. Learn about the amendments and their implications effective from October 1, 2024.
Explore amendments to section 253 of Income-tax Act, adjusting time limits for filing appeals to the Income Tax Appellate Tribunal, effective October 2024.
