Discover key changes in the Income Tax Bill 2025, including enhanced rebates, simplified trust provisions, and extended registration periods for small institutions.
Simplified penalty timelines under Section 275 effective April 2025, including changes in penalty powers, omissions, and clarifications on Section 271AAB.
Overview of Income Tax Sections 69A, 69B, on unexplained income, investments, and expenditures. Key cases and interpretations included.
Income Tax Bill 2025 introduces changes to TDS, TCS, and LRS provisions, raising threshold limits and reducing compliance burdens. Effective from April 1, 2025.
Union Budget 2025 introduces tax reforms, including zero tax up to ₹12 lakh income, reduced TDS/TCS compliance, and exemptions on life-saving drugs and EV components.
Understand the applicability of Section 68 (cash credit) and Section 69 (unexplained investments) under the Income Tax Act with relevant case law examples.
Explore key taxpayer expectations for Budget 2025-26, including revised tax slabs, increased deductions, and simplified compliance for individuals and charitable trusts.
Understand the taxability of leave encashment, gratuity, and voluntary retirement benefits, with exemptions and limits under the Income Tax Act, 1961.
Reimbursement of expenses, scholarships, and stipends are not considered taxable income, as clarified by various High Court rulings under Section 10(16).
Exempted perquisites for salaried taxpayers, including medical, food, phone facilities, gifts, and more under the Income Tax Act, 1961.
