Income Tax : Budget 2025 introduces tax reliefs, higher TDS thresholds, and urban housing reforms, impacting real estate growth while raising c...
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 : Budget 2025 raised the Section 87A rebate limit to ₹12 lakh but restricted its use on special rate income. Learn about key chang...
Income Tax : Budget 2025 revises income tax slabs, making ₹4,00,000 tax-free. New rates range up to 30% for income above ₹24,00,000. Key de...
Income Tax : Income Tax Bill 2025 introduces changes to TDS, TCS, and LRS provisions, raising threshold limits and reducing compliance burdens....
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 : Discover the key amendments in the Finance (No. 2) Bill, 2024, affecting CGST, IGST, UTGST, and Cess Act, including tax exemptions...
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...
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 ...
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...
Explore key measures from Budget 2025 aimed at promoting investment and employment through IFSC tax reforms, fund manager simplifications, and more.
Budget 2025 proposes amending Section 2(14) to redefine capital assets, classifying securities held by specific funds and non-exempt ULIPs as capital assets.
Section 115UA is amended to include Section 112A for taxation of business trusts, effective from April 1, 2026, for assessment year 2026-27 onward.
Changes to Section 13 revise contribution thresholds and exclude relatives and certain concerns from specified persons, effective April 1, 2025.
Budget 2025 proposes extending trust registration validity from 5 to 10 years for smaller trusts with income below ₹5 crore, reducing compliance burden.
India introduces presumptive taxation for non-residents providing services in electronics manufacturing, reducing tax liability from 2026.
Inland vessels now eligible for tonnage tax benefits from April 2026, encouraging growth in India’s inland water transportation sector.
Budget 2025 extends the investment deadline for Sovereign Wealth Funds and Pension Funds to March 2030, ensuring tax exemptions on long-term capital gains in India.
Learn about the proposed tax changes for ULIPs under Finance Bill 2025, including capital gains taxation, exemption limits, and applicability from April 2026.
Section 9 is amended to exclude export-related transactions from significant economic presence, effective April 1, 2026, for assessment year 2026-27 onward.
