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...
Section 271AAB penalties will not apply to searches initiated under Section 132 after September 1, 2024, as per the Finance Bill, 2025.
Finance Bill 2025 introduces amendments to block assessment provisions, including changes to undisclosed income definition, computation, and time limits for assessments.
Finance Bill 2025 increases the TDS threshold for compensation on compulsory acquisition of immovable property under Section 194LA to ₹5 lakh, effective April 1, 2025.
Section 194K amendment raises TDS threshold on mutual fund unit income from Rs. 5,000 to Rs. 10,000 per year, effective April 2025.
Section 194J increases the tax deduction threshold for professional services, technical services, royalty, and sums under section 28 from Rs. 30,000 to Rs. 50,000.
Section 194-I amendment raises rent TDS threshold to Rs. 50,000 per month, effective April 2025.
Section 194H amendment raises TDS threshold for commission or brokerage payments from Rs. 15,000 to Rs. 20,000, effective from April 2025.
Finance Bill 2025 raises the TDS threshold for commission on lottery ticket sales under Section 194G from ₹15,000 to ₹20,000, effective April 1, 2025.
Section 194D now increases the threshold for tax deduction on insurance commissions from Rs. 15,000 to Rs. 20,000, effective from April 2025.
Section 194BB amendment to apply TDS on horse race winnings exceeding Rs. 10,000 in a single transaction, effective from April 2025.
