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 proposes raising salary limits for perquisites like amenities and medical expenses, exempting some employees from additional taxation.
The Finance Bill 2025 revises the taxation of business trusts, now taxing capital gains at section 112A rates instead of the maximum marginal rate.
The Finance Bill 2025 amends the capital asset definition to include securities held by investment funds, taxing income from transfers as capital gains.
Finance Bill 2025 introduces presumptive taxation for non-residents providing services to India’s electronics manufacturing sector, effective from 2026.
The Finance Bill 2025 extends the investment deadline for SWFs and PFs to March 2030, ensuring continued exemptions on long-term capital gains for infrastructure projects.
The Finance Bill 2025 introduces amendments for trust registration, extending validity to 10 years for certain trusts and clarifying specified person provisions.
Finance Bill 2025 allows multi-year Arm’s Length Price determination for similar transactions, reducing repetitive proceedings in transfer pricing for taxpayers.
Finance Bill 2025 clarifies tax implications on ULIP redemption, ensuring consistent tax treatment for both ULIP and other life insurance policies.
Finance Bill 2025 extends derivative transaction exemptions to non-residents investing with FPIs in IFSC, ensuring tax benefits and encouraging investment.
Finance Bill 2025 expands “resultant fund” definition to include retail schemes and ETFs, enabling tax-neutral relocation to IFSC under specific conditions.
