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 : Explore key amendments under capital gains in the 2024-25 budget, including changes to buyback tax, indexation removal, and capita...
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...
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...
Discover the major amendments in GST, excise, and customs duties introduced in Budget 2024, including changes in CGST, IGST, and Customs Act analyzed by ICAI.
यूनियन बजट 2024 में प्रस्तावित इनकम टैक्स एक्ट की नई सेक्शन 194T के अंतर्गत पार्टनरशिप फर्म द्वारा पार्टनर्स को वेतन, इंटरेस्ट, आदि पर टीडीएस काटना अनिवार्य होगा।
The provisions for tax and penalty determination under the currently applicable Section 73 (Nonfraud cases) and Section 74 (Fraud cases) are proposed to be replaced by a new Section 74A for the financial year 2024-25. Sections 73 and 74 will now only apply to matters related to the financial year 2023-2024. For cases from the […]
Explore the enhanced benefits of Tax Regime 3.0 introduced in Budget 2024. Learn about simplified rates, increased deductions, and how it impacts your tax efficiency.
Discover key GST reforms from Budget 2024 including scope of supply, ITC amendments, and new penalty provisions aimed at simplifying compliance and reducing litigation.
Explore Budget 2024’s focus on MSMEs with new credit assessments, credit guarantees, Mudra loan increases, and support for global expansion and e-commerce.
Explore Budget 2024-25’s Section 194T, mandating 10% TDS on payments exceeding Rs. 20,000 to firm partners, effective April 2025.
Explore the 5 key proposals in capital gains taxation introduced in Budget 2024. Learn about changes in exemption limits, tax rates, and holding periods.
Explore the controversial changes in capital gains tax introduced in Budget 2024. Understand the impact on investors and real estate, and why reconsideration is crucial.
बजट 2024 में GST की धारा 73 और 74 को हटाकर नई धारा 74A लागू की गई है। यह धारा FRAUD और UNFRAUD मामलों के कर और पेनाल्टी निर्धारण को एकीकृत करती है।
