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Budget 2025 Articles
Budget 2026 – Income Tax Proposals
Income Tax : The Income-tax Act, 2025 replaces the 1961 law from April 2026 with simplified rules, redesigned forms, and automated compliance, ...
Read MoreFinance Bill 2026 Rationalises Jail Terms for TDS & Tax Evasion Offences
Income Tax : The Finance Bill proposes sweeping changes to reduce criminal liability in tax offences. Punishments are restructured to be propor...
Read MoreFY 25–26 Tax Planning: Rebate Rules and STCG under Section 111A (New Regime)
Income Tax : The rules clarify that special-rate incomes are excluded to test the ₹12 lakh limit, but rebate cannot reduce tax on STCG. The t...
Read MoreFinance Act 2025: Higher Standard Deduction and Section 87A Rebate
Income Tax : Standard deduction rises to Rs. 75,000 and Section 87A rebate threshold increases to Rs. 12 lakh, expanding zero-tax eligibility a...
Read MoreKey Income Tax Changes You Must Know Under the Finance Act 2025
Income Tax : Breaks down the major reforms introduced in 2025, including new tax slabs, rebates, and compliance simplifications....
Read MoreBudget 2025 News
India Developing Climate Finance Taxonomy
Corporate Law : India's government develops Climate Finance Taxonomy framework to guide climate investments. Public comments invited by June 25, 2...
Read MoreExemption From Income Tax on Annual Income Up To ₹12 Lakh
Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...
Read MoreCorporate Tax Collection Trends & Foreign Investment Policies
Income Tax : Corporate tax collections increased post-rate cuts. No specific tax incentives for MNCs, but new measures aim to support electroni...
Read MoreTax Rate Reduction 2025: Impact on Salaried Individuals
Income Tax : Finance Bill 2025 revises tax slabs, lowering tax rates for salaried individuals. Middle-class taxpayers benefit with increased re...
Read MoreKey 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 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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