From April 1, 2025, rental income from house properties must be reported under “Income from House Property,” not as business income.
From April 2025, standard and family pension deductions will increase to ₹75,000 and ₹25,000 under the new tax regime, boosting tax benefits for taxpayers.
Learn about the amended provisions allowing non-government employers to deduct up to 14% of employee salaries for pension scheme contributions under sections 36 and 80CCD from April 2025 onwards.
Explore the July 2024 amendments to Customs Notifications Nos. 29-39 and Explanatory Memorandum to Notification No. 51/2024-Customs (N.T.).
Explore the Bajaj Finserv Multi Asset Allocation Fund for diversified investments. Achieve financial stability and growth through strategic asset diversification in stocks, bonds, and commodities.
MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2024 (Clauses referred to are clauses in the Bill) FINANCE (No. 2) BILL, 2024 PROVISIONS RELATING TO DIRECT TAXES Introduction The provisions of Finance (No. 2) Bill, 2024 (hereafter referred to as “the Bill”), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred […]
On July 23, 2024, the Finance Minister introduced the Finance (No.2) Bill, 2024 in the Lok Sabha, marking a significant legislative milestone in the realm of taxation and customs regulations in India. This introduction follows the directive issued under D.O. F. No. 334/04/2024-TRU from New Delhi on the same date. The Bill proposes a comprehensive […]
Discover key takeaways from India’s Budget 2024-25: economic growth, employment schemes, skilling initiatives, and support for MSMEs. Full details from Nirmala Sitharaman’s speech.
Detailed analysis of the CAAR Mumbai ruling on I-RECs: Are intangible certificates subject to customs duty or classification under the Customs Act, 1962?
Explore the major recommendations from the 53rd GST Council Meeting, including changes in GST rates, trade facilitation measures, and compliance streamlining.
