Income Tax : The Income-tax Act, 2025 replaces the 1961 law from April 2026 with simplified rules, redesigned forms, and automated compliance, ...
Income Tax : The Finance Bill proposes sweeping changes to reduce criminal liability in tax offences. Punishments are restructured to be propor...
Income Tax : The rules clarify that special-rate incomes are excluded to test the ₹12 lakh limit, but rebate cannot reduce tax on STCG. The t...
Income Tax : Standard deduction rises to Rs. 75,000 and Section 87A rebate threshold increases to Rs. 12 lakh, expanding zero-tax eligibility a...
Income Tax : Breaks down the major reforms introduced in 2025, including new tax slabs, rebates, and compliance simplifications....
Corporate Law : India's government develops Climate Finance Taxonomy framework to guide climate investments. Public comments invited by June 25, 2...
Income Tax : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...
Income Tax : Corporate tax collections increased post-rate cuts. No specific tax incentives for MNCs, but new measures aim to support electroni...
Income Tax : Finance Bill 2025 revises tax slabs, lowering tax rates for salaried individuals. Middle-class taxpayers benefit with increased re...
Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...
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...
The Finance Bill 2025 amends Section 276BB, exempting prosecution for delayed TCS payment if paid before the prescribed filing deadline under Section 206C(3).
The Finance Bill 2025 simplifies taxation for self-occupied properties by relaxing conditions for determining annual value as nil, effective from AY 2025-26.
The Finance Bill 2025 extends the time limit for filing updated ITR from 24 to 48 months, with revised additional tax rates based on filing timelines.
The Finance Bill 2025 extends the time limit for passing orders under Section 115VP to three months from the end of the quarter of application receipt.
Finance Bill 2025 amends Section 206C(7A) to exclude court stay periods from the time limit for passing tax collection default orders, effective from April 1, 2025.
Finance Bill 2025 limits the carry forward of losses in mergers by computing the period from the original loss year, preventing indefinite extensions.
Finance Bill 2025 mandates reporting entities to furnish prescribed information on crypto-asset transactions as part of India’s compliance with global tax frameworks.
From 2025, inland vessels registered under the Inland Vessels Act can opt for the tonnage tax scheme, ensuring tax certainty and simplified compliance.
From April 1, 2025, TCS on the sale of specified goods under Section 206C(1H) will no longer apply, reducing compliance burden and preventing liquidity blockage.
The Union Budget 2025 introduces changes in Customs duties, excise, and tax rates, focusing on tariff rationalization, support for domestic manufacturing, and export promotion.
