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...
Union Budget 2025 introduces key amendments in GST provisions, including changes in input tax credit, time of supply, and track and trace mechanisms.
Budget 2025 claims tax-free income up to ₹12 lakh, but hidden conditions may surprise you. Discover what’s really behind this new tax benefit.
Earning ₹15 lakh? Know how new tax slabs work and why ₹12 lakh exemption doesn’t apply. Learn about rebates, slab-wise taxation, and total tax liability.
The proposed amendments to the provisions under Chapter XIV-B (sections 158B to 158BI) of the Income Tax Act focus on enhancing the efficiency, clarity, and scope of block assessments in cases of search and requisition under Section 132 and Section 132A. These amendments seek to modernize and streamline the block assessment process, including provisions related […]
Finance Bill 2025 amends tax laws for trusts, start-ups, and business trusts, ensuring simplified compliance, extended benefits, and fair taxation.
Union Budget 2025 revises income tax slabs, raising the exemption limit to ₹12 lakh. Learn about new rates, Section 87A rebate, and TDS/TCS threshold updates.
Introduction The Union Budget 2025 has brought significant amendments to the Goods and Services Tax (GST) framework, particularly addressing the Supreme Court’s ruling in the Safari Retreats case. The decision had initially provided relief to the real estate sector by allowing Input Tax Credit (ITC) on construction costs for properties intended for leasing or renting. […]
ICSI acknowledges Budget 2025’s focus on economic growth, regulatory reforms, and entrepreneurship, emphasizing its role in shaping India’s future development.
बजट 2025 में जीएसटी नियमों में संशोधन, ITC, वाउचर टैक्सेशन, SEZ छूट और जुर्माने से जुड़े नए प्रावधानों को शामिल किया गया है। जानें मुख्य बदलाव।
Explore the implications of Budget 2025 on India’s economy, addressing challenges like inflation, unemployment, and recessionary trends amid global and domestic changes.
