Income Tax : The Updated Income Tax Return (ITR-U) is a recent provision introduced under Section 139(8A) of the Income Tax Act, 1961. This pro...
Goods and Services Tax : बजट 2025 में जीएसटी अधिनियम में ट्रैक एंड ट्रेस मैके...
Goods and Services Tax : The 2025 Finance Bill amends Section 34(2) of the CGST Act, requiring ITC reversal for credit note claims, increasing compliance f...
Income Tax : Compare tax on ₹12 lakh income in FY 2024-25 and FY 2025-26. See new tax slabs, rebates, and savings introduced in Budget 2025 f...
Income Tax : Budget 2025 introduces new income tax amendments, including changes in tax slabs, TDS limits, and rebates under sections 115BAC an...
Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...
Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...
Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...
Finance : ICSI acknowledges Budget 2025’s focus on economic growth, regulatory reforms, and entrepreneurship, emphasizing its role in shap...
Custom Duty : This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Dut...
Goods and Services Tax : The Union Budget 2025-26 introduces customs reforms to boost trade and domestic manufacturing. January GST collections hit ₹1.95...
Excise Duty : Govt extends provisions under Excise Notification 11/2017 from 2025 to 2026. Changes take effect on February 2, 2025....
Custom Duty : CBIC amends Customs IGCR Rules, 2022 to extend reporting timelines from monthly to quarterly and revise submission deadlines....
Custom Duty : Govt amends Customs Notification 153/94, updating classifications under chapters 86, 88, and 89. Changes effective from February 2...
Custom Duty : Govt modifies Customs Notification 19/2019, updating classifications for ammunition imports. Changes effective from February 2, 20...
Changes to Section 13 revise contribution thresholds and exclude relatives and certain concerns from specified persons, effective April 1, 2025.
Budget 2025 proposes extending trust registration validity from 5 to 10 years for smaller trusts with income below ₹5 crore, reducing compliance burden.
India introduces presumptive taxation for non-residents providing services in electronics manufacturing, reducing tax liability from 2026.
Inland vessels now eligible for tonnage tax benefits from April 2026, encouraging growth in India’s inland water transportation sector.
Budget 2025 extends the investment deadline for Sovereign Wealth Funds and Pension Funds to March 2030, ensuring tax exemptions on long-term capital gains in India.
Learn about the proposed tax changes for ULIPs under Finance Bill 2025, including capital gains taxation, exemption limits, and applicability from April 2026.
Section 9 is amended to exclude export-related transactions from significant economic presence, effective April 1, 2026, for assessment year 2026-27 onward.
Budget 2025 proposes amendments to Section 12AB to exclude incomplete applications from specified violations, offering relief to trusts and institutions.
Learn about Section 87A rebate, new income limits, and tax relief updates for FY 2026-27, including increased rebates for taxpayers under the new regime.
The proposed amendment to Section 2 of the Income-tax Act aims to clarify the treatment of loans between group entities in IFSC as non-dividend transactions.
