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Budget 2025 Articles
Updated Income Tax Return (ITR-U)/Belated Return u/s 139(8A): A Detailed Overview Post Budget 2025
Income Tax : The Updated Income Tax Return (ITR-U) is a recent provision introduced under Section 139(8A) of the Income Tax Act, 1961. This pro...
Read Moreजीएसटी एक्ट में ‘Track and Trace Mechanism’ क्या हैं?
Goods and Services Tax : बजट 2025 में जीएसटी अधिनियम में ट्रैक एंड ट्रेस मैके...
Read MoreAnalysis of Amendment to Section 34(2) of CGST Act, 2017 in Finance Bill, 2025
Goods and Services Tax : The 2025 Finance Bill amends Section 34(2) of the CGST Act, requiring ITC reversal for credit note claims, increasing compliance f...
Read MoreTax on ₹12 Lakh Income: FY 2024-25 vs FY 2025-26 for individual taxpayers
Income Tax : Compare tax on ₹12 lakh income in FY 2024-25 and FY 2025-26. See new tax slabs, rebates, and savings introduced in Budget 2025 f...
Read MoreBudget 2025 (Finance Bill 2025): Income Tax Proposed Amendments
Income Tax : Budget 2025 introduces new income tax amendments, including changes in tax slabs, TDS limits, and rebates under sections 115BAC an...
Read MoreBudget 2025 News
Key Highlights of Finance Bill 2025: Income Tax Changes
Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...
Read MoreIncome Tax Bill 2025: Executive Summary on Income Tax Act Simplification
Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...
Read MoreNew Income-Tax Bill 2025: Section Mapping & Updates
Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...
Read MoreICSI appreciates Budget 2025
Finance : ICSI acknowledges Budget 2025’s focus on economic growth, regulatory reforms, and entrepreneurship, emphasizing its role in shap...
Read MoreFAQs on Customs Duty, Tariff Rationalization & Duty Changes by Budget 2025
Custom Duty : This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Dut...
Read MoreBudget 2025 Notifications/Circulars
Union Budget 2025-26: Customs Reforms & GST Surge
Goods and Services Tax : The Union Budget 2025-26 introduces customs reforms to boost trade and domestic manufacturing. January GST collections hit ₹1.95...
Read MoreCBIC Extends Date for Additional Duty on Unblended Diesel
Excise Duty : Govt extends provisions under Excise Notification 11/2017 from 2025 to 2026. Changes take effect on February 2, 2025....
Read MoreCustoms Notification 07/2025: Quarterly Reporting Rules
Custom Duty : CBIC amends Customs IGCR Rules, 2022 to extend reporting timelines from monthly to quarterly and revise submission deadlines....
Read MoreCustoms Notification 13/2025: Amendment to Import Rules
Custom Duty : Govt amends Customs Notification 153/94, updating classifications under chapters 86, 88, and 89. Changes effective from February 2...
Read MoreCustoms Notification 12/2025: Ammunition Import Amendment
Custom Duty : Govt modifies Customs Notification 19/2019, updating classifications for ammunition imports. Changes effective from February 2, 20...
Read MoreBudget Personal Taxation
Changes in Due date of Original, Revised, Belated & Defective Return
Budget 2021 proposes Extending of due date for filing return of income in some cases, reducing time to file belated return and to revise original return and also to remove dif...
Read MoreSection 234C interest relaxed on dividend income, Capital Gain
Union Budget 2021 proposed to relax Section 234C interest on Dividend income along with capital gains if shortfall in the advance tax payments and tax due has been paid in the...
Read MoreTax Audit Limit proposed to increase to ten crore rupees
It is proposed to increase the threshold limit for Tax Audit Under section 44AB from five crore rupees to ten crore rupees in cases listed above....
Read MoreTDS/TCS on non filer of income-tax return at higher rates
New section 206AB of the Income Tax Act is a special provision providing for higher rate for TDS for the non-filers of income-tax return. Similarly it is proposed to insert a ...
Read MoreMajor Income Tax Changes Proposed in Union Budget, 2021
MAJOR INCOME TAX CHANGES PROPOSED IN UNION BUDGET, 2021 In this article we will take a look at all the major income tax changes proposed in Union Budget, 2021 presented by Hon...
Read MoreFM withdraws proposal to tax EPF/Superannuation Fund
In View of pressure from all quarters Finance Mister Arun Jaitley has withdrawn the Proposal to Tax 60% of EPF/Superannuation Fund Proposed in Union Budget 2016 and which was ...
Read MoreBudget 2016: Phasing out of deductions and exemptions
The Finance Minister in his Budget Speech, 2015 has indicated that the rate of corporate tax will be reduced from 30% to 25% over the next four years along with corresponding ...
Read MoreTax on Non-compete fees & exclusivity rights in case of Profession
It is proposed to amend clause (va) of section 28 of the Act to bring the non-compete fee received/receivable( which are recurring in nature) in relation to not carrying out a...
Read MoreTax on income by way of dividend in excess of Rs. 10 lakh
Under the existing provisions of clause (34) of section 10 of the Act, dividend which suffer dividend distribution tax (DDT) under section 115-O is exempt in the hands of the ...
Read More(Ab)Normal period for issuing notices under Service Tax
At present, in cases other than fraud, suppression etc cases the Service Tax Authorities can issue Show Cause Notice (SCN) within 18 months from the relevant date for non/shor...
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