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 Act 2025 retroactively amends GST ITC provisions, limiting credits for construction of immovable properties, impacting leasing and renting activities.
बजट में गैर-पेंशनभोगी वरिष्ठों को कर राहत न मिलने से उनकी आर्थिक कठिनाइयाँ बढ़ रही हैं। सरकार को 12 लाख तक की आय पर छूट देने पर विचार करना चाहिए।
Learn key updates in the New Income Tax Bill, 2025, effective April 2026. Covers tax year, compliance, deductions, international taxation, and dispute resolution.
Budget 2025-26 focuses on growth, tax relief, and investment. GDP projected at 6.3-6.8%, new tax slabs ease burden on middle class, and economic reforms drive progress.
Explore the feasibility of flat tax in India. Analyze its impact on equity, revenue, and socio-economic challenges compared to progressive tax systems.
Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrations and FAQs about eligibility, calculations and impacts on special rate incomes.
Finance Bill 2025 limits tax loss carry-forward under Section 72A to 8 years from the original assessment year. Learn about its impact, ambiguities, and challenges.
Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied properties. Earlier, if you owned more than one house, certain restrictions applied regarding how they were taxed, which often resulted in unnecessary tax liability. However, these have now been relaxed, bringing much-needed relief to homeowners.
The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. Effective April 2025, input tax credit (ITC) distribution by input service distributors (ISD) now explicitly includes IGST for reverse charge transactions, correcting prior limitations. A clarification on the definition of “local authority” expands the scope to include funds […]
Discover the latest updates from Union Budget 2025, including revised tax slabs, withdrawal of Section 206AB, higher deductions, and extended filing deadlines.
