Income Tax : Explore the significant changes in capital gains taxation proposed in Budget 2024, including revised tax rates, holding periods, a...
Income Tax : Learn about Section 194T introduced in Finance Bill 2024, covering TDS on payments to partners, its implications, and potential c...
Income Tax : Budget 2024 introduces significant amendments in trust-related provisions under the Income Tax Act, including registration timelin...
Income Tax : Explore the latest tax provisions affecting mutual fund income, including recent changes in capital gains taxation and classificat...
Company Law : Tax implications of the Finance Bill 2024 on share buybacks. Key changes, examples, and their impact on shareholders' tax liabilit...
Income Tax : Key amendments to the Finance (No.2) Bill, 2024, include changes in tax rates, capital gains, customs duties, and excise laws, eff...
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...
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...
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 ...
Income Tax : Budget 2024 extends the scope for lower deduction/collection certificates under Sections 197 and 206C, effective from October 2024...
Goods and Services Tax : Discover the key amendments in the Finance (No. 2) Bill, 2024, affecting CGST, IGST, UTGST, and Cess Act, including tax exemptions...
Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...
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...
Custom Duty : Notification No. 51/2024-Customs (N.T.) introduces New Shippers Review in countervailing duty rules, effective from 24th July 2024...
Custom Duty : Notification No. 39/2024-Customs amends No. 45/2017-Customs to extend re-import period from 3 to 5 years, effective from 24th July...
Custom Duty : Government of India amends 32 Customs notifications and extends the re-export period for certain foreign-origin goods under Notifi...
Explore amendments to section 253 of Income-tax Act, adjusting time limits for filing appeals to the Income Tax Appellate Tribunal, effective October 2024.
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.
International Financial Services Centre (IFSC) in India is poised for significant tax incentives under the Finance Bill 2024. Effective from April 1, 2025, these amendments aim to bolster the IFSC’s role as a premier global financial hub.
Finance Bill 2024 proposes the sunset of Section 56(2)(viib) from April 2025, eliminating the tax on shares issued above face value for non-public companies.
Discover the new tax incentives for non-resident cruise ship operators in India, including presumptive taxation and lease rental exemptions, effective April 2025.
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.
The Budget 2024-25 announced by the Hon’ble Finance Minister emphasizes on job creation, tax rationalization, employment generation and measures aimed at benefiting the common man.
Explore the Union Budget 2024-25’s key direct tax proposals, including new tax slabs, enhanced deductions, and measures to boost investment and simplify taxation.
Finance Minister Nirmala Sitharamans budget missed crucial GST changes. Discover amendments in GST laws and their impacts for businesses in this detailed analysis.
ICSI appreciates Budget 2024 for its focus on women, youth, farmers, MSMEs, regulatory infrastructure, sustainability, digital governance, and ease of doing business.
