Budget 2024 - All About Union Budget 2024 At One Place
Budget 2024 Articles
Key Amendments to Capital Gains in Budget 2024-25
Income Tax : Explore key amendments under capital gains in the 2024-25 budget, including changes to buyback tax, indexation removal, and capita...
Read MoreKey Income Tax Amendments in July Budget 2024 Effective October 1, 2024
Income Tax : Key tax changes from the July 2024 Budget effective October 1. Covers TDS rates, share buyback taxation, VSV 2.0, and other import...
Read MoreBudget 2024: Income Tax related Changes for LLPs & Partnership Firms
Income Tax : Explore the Budget 2024 changes impacting LLPs and partnership firms, including TDS on partner payments and updated remuneration l...
Read MoreGovt notifies GST effective dates of 44 Changes in GST Law
Goods and Services Tax : Explore the 44 changes in GST law from Finance Act (No-2) 2024, including effective dates for various provisions starting Septembe...
Read MoreTax Implication on Share Buyback by Domestic Companies w.e.f. 01.10.2024
Income Tax : Learn about the revised tax implications on buybacks by domestic companies effective October 1, 2024, shifting the tax burden to s...
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 MoreWebinar Today: BUDGET 2024 TDS Amendments & its Impact on Tax Audit
Income Tax : Join our webinar on TDS amendments from Budget 2024 and learn their impact on tax audits, filing procedures, and compliance....
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 MoreBudget 2024 Notifications/Circulars
GST 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 MorePresident Assents Finance (No 2) Bill, 2024 i.e. Finance (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 MoreCustoms Tariff Amendment Rules 2024: CVD & Injury Determination
Custom Duty : Notification No. 51/2024-Customs (N.T.) introduces New Shippers Review in countervailing duty rules, effective from 24th July 2024...
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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