The new law replaces Previous Year and Assessment Year with a single Tax Year. This simplifies tax reporting and removes long-standing confusion.
Budget 2025 introduces new income tax amendments, including changes in tax slabs, TDS limits, and rebates under sections 115BAC and 87A.
Explore Section 43B(h) of the Income Tax Act 1961 impacting payments to Micro and Small Enterprises. Learn about deductions, tax implications, and compliance for timely payments.
Understand proposed amendments to the Income Tax Act 1961 for Budget 2023 and their impact on premium and paid expenses from Micro and Small Enterprises.
