Finance Bill 2025 amends Section 206C(7A) to exclude court stay periods from the time limit for passing tax collection default orders, effective from April 1, 2025.
Finance Bill 2025 limits the carry forward of losses in mergers by computing the period from the original loss year, preventing indefinite extensions.
Finance Bill 2025 mandates reporting entities to furnish prescribed information on crypto-asset transactions as part of India’s compliance with global tax frameworks.
From 2025, inland vessels registered under the Inland Vessels Act can opt for the tonnage tax scheme, ensuring tax certainty and simplified compliance.
From April 1, 2025, TCS on the sale of specified goods under Section 206C(1H) will no longer apply, reducing compliance burden and preventing liquidity blockage.
Assessee had satisfactorily explained the source of credits in his books and consequently, CIT(A) had rightly deleted the additions after relying on various judgments made by AO.
The Union Budget 2025 introduces changes in Customs duties, excise, and tax rates, focusing on tariff rationalization, support for domestic manufacturing, and export promotion.
Union Budget 2025 introduces key amendments in GST provisions, including changes in input tax credit, time of supply, and track and trace mechanisms.
Union Budget 2025-26 introduces tax reforms, revised income tax slabs, increased rebate under Section 87A, and changes in TDS/TCS rules for taxpayers.
Budget 2025 claims tax-free income up to ₹12 lakh, but hidden conditions may surprise you. Discover what’s really behind this new tax benefit.
