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Budget

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2 Residential Houses: Income Tax issue simplified in budget 2025-26?

Income Tax : Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied proper...

February 10, 2025 264 Views 0 comment Print

11 Amendments Proposed in the Finance Bill 2025 Related to GST

Goods and Services Tax : The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. E...

February 9, 2025 7959 Views 0 comment Print

Union Budget 2025 – Key Direct Tax Highlights

Income Tax : Discover the latest updates from Union Budget 2025, including revised tax slabs, withdrawal of Section 206AB, higher deductions, a...

February 9, 2025 1563 Views 0 comment Print

Key GST Changes in Budget 2025: Impact & Compliance

Goods and Services Tax : Budget 2025 brings key GST amendments, affecting ITC claims, compliance, and penalties. Learn how these changes impact businesses,...

February 8, 2025 1002 Views 0 comment Print

9 Key Tax Compliance Issues Missed in Union Budget 2025

Income Tax : Union Budget 2025 overlooked critical tax compliance issues, including TDS on partners’ salary, delays in appeals, marginal reli...

February 8, 2025 1215 Views 1 comment Print


Latest News


ICSI appreciates Budget 2025

Finance : ICSI acknowledges Budget 2025’s focus on economic growth, regulatory reforms, and entrepreneurship, emphasizing its role in shap...

February 2, 2025 273 Views 0 comment Print

FAQs on Customs Duty, Tariff Rationalization & Duty Changes by Budget 2025

Custom Duty : This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Dut...

February 1, 2025 1545 Views 0 comment Print

Budget 2025: Analysis of Changes in Income Tax, GST, Custom Duty & Excise

Income Tax : MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2025 FINANCE BILL, 2025 PROVISIONS RELATING TO DIRECT TAXES Introduction...

February 1, 2025 14277 Views 0 comment Print

Explanatory Memoranda to Customs & Central Excise Notifications

Custom Duty : Summary of SEBI and Customs Notifications for February 2025 including amendments to duties, exemptions, and changes to specific ta...

February 1, 2025 357 Views 0 comment Print

Budget 2025-2026: Speech of Nirmala Sitharaman, Minister of Finance

Finance : Get the details of the Budget 2025-2026: Speech of Nirmala Sitharaman, Minister of Finance. Discover the government's efforts to a...

February 1, 2025 645 Views 0 comment Print


Latest Judiciary


Key GST Amendments in Finance Bill 2024

Goods and Services Tax : Discover the key amendments in the Finance (No. 2) Bill, 2024, affecting CGST, IGST, UTGST, and Cess Act, including tax exemptions...

July 26, 2024 4824 Views 1 comment Print

Plea in Madras HC on Penalty on CAs for Filing Wrong Information- Section 271J

Income Tax : A petition has been filed in the Madras High Court challenging the section 271J of the Income Tax Act inserted vide Finance Act 2...

May 9, 2017 5010 Views 2 comments Print

In all cases where additional evidence is admitted, the CIT (A) should be considered to have exercised his powers u/s 250(4) is not acceptable

Income Tax : U/s 250(4), the CIT (A) has the power to direct enquiry and call for evidence from the assessee. Under Rule 46A, the assessee has ...

March 18, 2012 2369 Views 0 comment Print


Latest Notifications


Union Budget 2025-26: Customs Reforms & GST Surge

Goods and Services Tax : The Union Budget 2025-26 introduces customs reforms to boost trade and domestic manufacturing. January GST collections hit ₹1.95...

February 4, 2025 579 Views 0 comment Print

CBIC Extends Date for Additional Duty on Unblended Diesel

Excise Duty : Govt extends provisions under Excise Notification 11/2017 from 2025 to 2026. Changes take effect on February 2, 2025....

February 1, 2025 369 Views 0 comment Print

Customs Notification 07/2025: Quarterly Reporting Rules

Custom Duty : CBIC amends Customs IGCR Rules, 2022 to extend reporting timelines from monthly to quarterly and revise submission deadlines....

February 1, 2025 525 Views 0 comment Print

Customs Notification 13/2025: Amendment to Import Rules

Custom Duty : Govt amends Customs Notification 153/94, updating classifications under chapters 86, 88, and 89. Changes effective from February 2...

February 1, 2025 402 Views 0 comment Print

Customs Notification 12/2025: Ammunition Import Amendment

Custom Duty : Govt modifies Customs Notification 19/2019, updating classifications for ammunition imports. Changes effective from February 2, 20...

February 1, 2025 243 Views 0 comment Print


Latest Posts in Budget

2 Residential Houses: Income Tax issue simplified in budget 2025-26?

February 10, 2025 264 Views 0 comment Print

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.

11 Amendments Proposed in the Finance Bill 2025 Related to GST

February 9, 2025 7959 Views 0 comment Print

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 […]

Union Budget 2025 – Key Direct Tax Highlights

February 9, 2025 1563 Views 0 comment Print

Discover the latest updates from Union Budget 2025, including revised tax slabs, withdrawal of Section 206AB, higher deductions, and extended filing deadlines.

Key GST Changes in Budget 2025: Impact & Compliance

February 8, 2025 1002 Views 0 comment Print

Budget 2025 brings key GST amendments, affecting ITC claims, compliance, and penalties. Learn how these changes impact businesses, real estate, and logistics.

9 Key Tax Compliance Issues Missed in Union Budget 2025

February 8, 2025 1215 Views 1 comment Print

Union Budget 2025 overlooked critical tax compliance issues, including TDS on partners’ salary, delays in appeals, marginal relief, and revisions under sections 68–69F.

How Finance Bill 2025 rationalize Tax Loss Time Machine under M&A

February 8, 2025 1044 Views 0 comment Print

The Finance Bill 2025 rationalizes tax loss carry forward rules under M&A by limiting it to 8 years from the original computation year.

How to Achieve Tax-Free Rental Income of ₹20,00,000

February 8, 2025 36807 Views 4 comments Print

Learn how to achieve tax-free rental income of ₹20,00,000 by leveraging deductions under Section 24 of the Income Tax Act, 1961, and understanding the latest provisions from the Union Budget 2025.

Rationalization of Provisions with respect to units in IFSC – Budget 2025

February 7, 2025 168 Views 0 comment Print

Budget 2025 extends tax incentives for IFSC units, exempts IFSC insurance premiums, and simplifies fund management rules, aiming to boost financial services in GIFT City.

Budget 2025: Block Assessment Amendments in Income Tax Search Cases

February 7, 2025 519 Views 0 comment Print

Budget 2025 revises block assessment rules for search cases, covering undisclosed income, assessment procedures, penalties, and time limits under I-T Act Sections 158B-158BG.

Union Budget 2025-2026 Glimpses

February 7, 2025 912 Views 0 comment Print

India’s Finance Minister, Nirmala Sitharaman, presented the Union Budget for 2025-26 on February 1 in Parliament. The budget introduces significant reforms, including the removal of income tax liability (under the new regime) for individuals earning up to INR 1.2 million annually, excluding special income.

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