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Budget 2024

Latest Articles


Enhanced Limits for Partners Remuneration: Section 40(b) & 194T

Income Tax : Learn about Section 40(b) limits on partner remuneration and the introduction of Section 194T for TDS on remuneration, effective A...

February 11, 2025 1656 Views 0 comment Print

Pre Budget Memorandum 2025: Tax Base, Avoidance, Litigations

Income Tax : Explore key tax reforms in the Pre-Budget Memorandum 2025. Suggestions include expanding the tax base, curbing tax avoidance, and ...

January 16, 2025 32400 Views 7 comments Print

Block Assessment under Chapter XIV-B of Income Tax Act, 1961

Income Tax : Explore reintroduction of block assessments under Income Tax Act via Finance Act 2024, its implications, challenges, and way forwa...

December 30, 2024 1410 Views 0 comment Print

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...

October 13, 2024 10254 Views 0 comment Print

Key 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...

October 2, 2024 13362 Views 0 comment Print


Latest 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-...

October 18, 2024 4269 Views 1 comment Print

Proposed 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...

August 8, 2024 20157 Views 0 comment Print

ICAI 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...

August 2, 2024 471 Views 0 comment Print

Budget 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...

July 30, 2024 3780 Views 0 comment Print

Amendment 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 ...

July 27, 2024 7842 Views 1 comment Print


Latest Judiciary


Key GST Amendments in Finance Bill 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...

July 26, 2024 4827 Views 1 comment Print


Latest Notifications


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...

September 27, 2024 21243 Views 0 comment Print

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...

August 16, 2024 7203 Views 0 comment Print

Finance (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...

August 7, 2024 7173 Views 0 comment Print

GST: 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...

August 6, 2024 4665 Views 0 comment Print

Customs 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...

July 23, 2024 672 Views 0 comment Print


जीएसटी एक्ट 2017: प्रस्तावित नई धारा 128A

July 29, 2024 6795 Views 0 comment Print

जानें बजट 2024 में जीएसटी एक्ट 2017 के तहत प्रस्तावित धारा 128A के बारे में, जो धारा 73 के तहत जारी नोटिस और आदेशों के संबंध में करदाताओं को ब्याज और जुर्माने से राहत देती है।

धारा 194T: साझेदारी फर्म द्वारा भागीदारों को वेतन, पारिश्रमिक, ब्याज, बोनस या कमीशन भुगतान पर TDS

July 28, 2024 4614 Views 1 comment Print

जानिए भारतीय आयकर अधिनियम 1961 की धारा 194T के तहत साझेदारी फर्मों द्वारा भागीदारों को दिए गए वेतन, पारिश्रमिक, ब्याज, बोनस और कमीशन पर TDS के नए प्रावधान के बारे में।

Buyback of Shares as Deemed Dividend: Insights from Budget 2024

July 27, 2024 3288 Views 1 comment Print

Discover the July 2024 Budget’s impact on share buybacks, now deemed dividends, and its implications for companies and shareholders in India’s evolving tax landscape.

The Union Budget 2024: An Overview

July 27, 2024 2718 Views 0 comment Print

Explore the key highlights and amendments in the Union Budget 2024 presented by Finance Minister Nirmala Sitharaman. Find out what’s new in direct and indirect taxes.

Union Budget 2024-25: Key Highlights on Economy and Taxation

July 27, 2024 1860 Views 0 comment Print

Explore the Union Budget 2024-25 highlights, focusing on economic growth, taxation reforms, employment, MSMEs, and the middle class in India’s dynamic landscape.

Amnesty Provisions Under Section 128A W.R.T. Section 73 Demands

July 27, 2024 39105 Views 2 comments Print

Explore the new Section 128A proposed in Budget 2024, detailing tax relief for non-fraud cases under Section 73. Learn how this impacts notices, statements, and orders.

Amendment to Section 55: Clarifying Cost of Acquisition for Equity Shares

July 27, 2024 7842 Views 1 comment Print

Finance Bill 2024 proposes an amendment to Section 55 of the Income Tax Act to clarify the computation of cost of acquisition for unlisted equity shares sold under an IPO.

Summary of impact on TDS / TCS in Budget proposals of 2024-25

July 27, 2024 16341 Views 2 comments Print

Explore the 2024-25 budget proposals affecting TDS/TCS rates, new sections, and compliance updates. Stay informed on key changes and optimizations.

Union Budget 2024-25: Key Proposals under Goods and Services Tax Law

July 27, 2024 4683 Views 1 comment Print

Explore the Union Budget 2024-25’s key GST proposals, including ITC amendments, changes in appeal processes, and more. Discover how these reforms impact businesses.

CGST Act: New Sub-Sections 16(5) & 16(6) Offer ITC Relief

July 27, 2024 48258 Views 0 comment Print

Budget 2024 introduces new sub-sections in Section 16 of CGST Act to regularize Input Tax Credit claims past the deadline, aiding taxpayers with late returns and restored registrations.

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