Budget 2023 - All About Union Budget 2023 At One Place
Budget 2023 Articles
TDS Deduction under Old vs New Tax Regime & Budget 2023 Impact
Income Tax : In which scheme shall I get my TDS deducted? Old Vs New Tax Regime and impact of Budget 2023! This is most important question, on ...
Read MoreTaxation of Debt Funds
Income Tax : Explore the changes in taxation of debt mutual funds pre and post April 2023. Learn about impacts, benefits, and strategies. Inves...
Read MoreNew Financial Year and New ITR Forms
Income Tax : Explore crucial updates in ITR forms for the Financial Year 2023-24. From tax regime shifts to added disclosures, stay informed fo...
Read MoreAmendment in Section 43B: Impact on MSME Payments and Tax Liability
Income Tax : Explore recent amendment in Section 43B of the Income Tax Act, 1961, affecting MSME payments, tax liability, and practical implica...
Read MoreSection 43B Amendment: MSME Dues Disallowance Post Budget, 2023
CA, CS, CMA : Explore the latest Section 43B amendment in the Income Tax Act, 1961, its targeted impact on Micro and Small Enterprises (MSMEs), ...
Read MoreBudget 2023 News
Live Webinar on Section 43B(h) of Income Tax Act, 1961- MSE Payment
Income Tax : Live Webinar on Section-43B(h) of Income Tax Act, 1961 read with Section-2, 7-8, 15-16-17 of MSMED Act 2006 on 03-03-2024- Sunday...
Read MoreIncreased TCS rates on Foreign Remittance to apply from 1st October 2023
Income Tax : No change in rate of TCS for all purposes under LRS and for overseas travel tour packages, regardless of mode of payment, for amou...
Read MoreCBDT release Income tax calculator for FY 2023-24
Income Tax : Central Board of Direct Taxes (CBDT) has recently released a user-friendly Income tax calculator for the financial year 2023-24. T...
Read MoreConfused about the recent news on TCS on Foreign Payments?
Income Tax : Myth 1: TCS applies to all foreign payments made by Indian companies. Fact: This is a myth. Tax Collected at Source (TCS) is a pro...
Read MoreNo TCS On Debit/Credit Transactions up to Rs 7 lakh per financial year under LRS
Income Tax : Govt exempt individual payments made through international debit or credit cards up to Rs 7 lakh per financial year from LRS limit...
Read MoreBudget 2023 Notifications/Circulars
Single Window IT System for Registrations & Approvals from IFSCA, SEZ, GSTN, RBI, SEBI, & IRDAI
Finance : IFSCA introduces a Single Window IT System for application processing in GIFT IFSC, simplifying registrations with various regulat...
Read MoreAll about Income-Tax Act Amendments Carried Out Through Finance Act, 2023
Income Tax : Explore the detailed analysis of Circular No. 1/2024 issued by the Central Board of Direct Taxes, explaining amendments in the Inc...
Read MoreCBDT releases draft rule 11UA to implement amendment by Finance Act 2023
Income Tax : In the Finance Act, 2023, an amendment was introduced in this provision to bring the consideration received from non-residents wit...
Read MoreChanges introduced vide Finance Act 2023 in Customs Tariff w.e.f. 01.05.2023
Custom Duty : Finance Act, 2023 vide which 146 new tariff lines have been introduced in the Customs Tariff Act and 54 existing tariff lines have...
Read MoreFinance Act, 2023
Income Tax : MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 31st March, 2023 / Chaitra 10, 1945 (Saka) The following Act o...
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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