Budget 2024 - All About Union Budget 2024 At One Place
Budget 2024 Articles
Pre Budget Memorandum 2026: Tax Base, Avoidance, Litigations
Income Tax : Pre-Budget 2026 suggestions for widening the tax base, reducing litigation with 30-day resolution limits, rationalizing to a singl...
Read MoreIllustrative explanation for Changes by Finance Act 2024- Individual taxation
Income Tax : Learn how to calculate income tax for individuals in India for AY 2025-26. This guide covers salary, capital gains, and business i...
Read MoreLong Term Capital Gain On Immovable Properties – After Budget 2024
Income Tax : Explore India's 2024 Union Budget changes to LTCG tax on immovable property, including indexation removal, revised tax rates, and ...
Read MoreRequirement of TDS on Rent by an Individual under Section 194-IB
Income Tax : Understand TDS on rent for individuals: thresholds, rates, and compliance procedures as per Section 194-IB....
Read MoreKey Income Tax Changes Effective from 01.04.2025
Income Tax : Income tax updates effective 1st April 2025 include higher TDS thresholds, extended startup benefits, increased rebates, and simpl...
Read MoreBudget 2024 News
Salaried & Minors: Income-Tax Rules for TDS/TCS Credit Claims amended
Income Tax : CBDT simplifies TDS for salaried employees and enables parents to claim TCS credit for minors through recent amendments in Income-...
Read MoreProposed Amendments to Finance (No. 2) Bill, 2024: Key Changes
Income Tax : Key amendments to the Finance (No.2) Bill, 2024, include changes in tax rates, capital gains, customs duties, and excise laws, eff...
Read MoreICAI President’s August 2024 Message: Exam Results & Economic Insights
CA, CS, CMA : ICAI President's August 2024 message highlights India's economic growth, recent exam results, and the Union Budget's role in achie...
Read MoreBudget 2024: Key Changes in GST and Customs
Goods and Services Tax : Discover the major amendments in GST, excise, and customs duties introduced in Budget 2024, including changes in CGST, IGST, and C...
Read MoreAmendment to Section 55: Clarifying Cost of Acquisition for Equity Shares
Income Tax : Finance Bill 2024 proposes an amendment to Section 55 of the Income Tax Act to clarify the computation of cost of acquisition for ...
Read MoreBudget 2024 Notifications/Circulars
Incentive Scheme for Promotion of Critical Minerals Recycling
Corporate Law : Ministry of Mines announces incentive scheme to boost critical minerals recycling, reduce import dependence, and strengthen domest...
Read MoreGST Notification No. 17/2024 – Finance Act Provisions Effective Dates
Goods and Services Tax : Ministry of Finance notifies commencement dates for provisions of the Finance (No. 2) Act, 2024. Key sections to come into force b...
Read MoreFinance (No. 2) Act, 2024
Income Tax : On August 16, 2024, President Droupadi Murmu officially granted her assent to the Finance (No 2) Bill, 2024. With this move, the b...
Read MoreFinance (No. 2) Bill, 2024 – As Passed by Lok Sabha on 7.8.2024
Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...
Read MoreGST: Govt notifies section 11 to 13 of Finance Act (No. 8) 2024
Goods and Services Tax : Govt. sets October 1, 2024, for Finance Act 2024, Section 13; April 1, 2025, for Sections 11 and 12, under Notification No. 16/202...
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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