Income Tax : Understand TDS on rent for individuals: thresholds, rates, and compliance procedures as per Section 194-IB....
Income Tax : Income tax updates effective 1st April 2025 include higher TDS thresholds, extended startup benefits, increased rebates, and simpl...
Income Tax : Learn about Section 40(b) limits on partner remuneration and the introduction of Section 194T for TDS on remuneration, effective A...
Income Tax : Explore key tax reforms in the Pre-Budget Memorandum 2025. Suggestions include expanding the tax base, curbing tax avoidance, and ...
Income Tax : Explore reintroduction of block assessments under Income Tax Act via Finance Act 2024, its implications, challenges, and way forwa...
Income Tax : CBDT simplifies TDS for salaried employees and enables parents to claim TCS credit for minors through recent amendments in Income-...
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 ...
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...
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...
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...
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...
Learn about the revised tax implications on buybacks by domestic companies effective October 1, 2024, shifting the tax burden to shareholders.
The 2024 Budget empowers the government to restrict certain goods under the MOOWR Scheme, which facilitates duty-free imports for manufacturing operations.
Ministry of Finance notifies commencement dates for provisions of the Finance (No. 2) Act, 2024. Key sections to come into force by November 2024.
Explore the impact of Budget 2024 on real estate capital gains taxation. Learn about the proposed shift from indexation to a flat 12.5% tax rate.
Budget 2024 revises LTCG tax on property sales, cutting indexation benefits and affecting real estate investments. Learn how this impacts your tax planning.
Explore the new reassessment provisions under the Finance Act, 2024, including updates to sections 148, 148A, 149, and 151, with simplified processes and revised timelines.
The Finance Act, 2024, brought significant changes to the long-term capital gains (LTCG) tax on real estate sales. Notably, the LTCG tax rate on the sale of immovable property has been reduced from 20% to 12.5%, but the indexation benefits have been withdrawn. This change has a direct impact on Non-Resident Indians (NRIs) who are […]
The 2024 Budget changes tax rules for share buybacks, impacting shareholder taxation and reducing tax arbitrage. Learn the implications and rationale.
Budget 2024 brings significant changes to capital gains tax with new rates, holding periods, and amendments to key sections. Effective dates start October 2024.
Understand the amended Section 230 of the Income Tax Act, 2024, clarifying when a tax clearance certificate is required for Indian residents traveling abroad.
