Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : The article explains how the Finance Act, 2026 replaced the deemed dividend framework with capital gains taxation. The change allo...
Income Tax : Taxpayers now get three extra months to correct mistakes in originally filed income tax returns. The revised return mechanism rema...
Finance : Secondary SGB buyers must now pay 12.5% LTCG tax, unlike primary holders. The change reshapes returns and investment strategies in...
Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...
Income Tax : The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litiga...
Income Tax : The Government introduced reforms to simplify tax dispute resolution, including broader immunity provisions and expanded scope for...
Income Tax : A focused session breaks down recent Budget amendments affecting NRI taxation. It highlights how changes impact income, investment...
CA, CS, CMA : Budget 2026 prioritises easing compliance, reducing penalties, and cutting litigation rather than raising tax rates. The reforms a...
Custom Duty : New baggage rules and processing regulations are notified, replacing earlier frameworks and aligning customs procedures for passen...
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 ...
Income Tax : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026. The rescission is ...
Excise Duty : The government has extended key excise provisions and introduced a specific duty structure for CNG blended with biogas. The key ta...
Excise Duty : The government has reduced the effective National Calamity Contingent Duty on specified tobacco products. The key takeaway is a ca...
Nirmala Sitharaman, Minister of Finance has presented Union Budget 2023-24 today and focused on Socio economic welfare measures, Ease of compliance, Widening and deepening of tax base/Anti-Avoidance, Improving compliance and Tax administration and Rationalisation of Provisions. AS INTRODUCED IN LOK SABHA ON 1ST FEBRUARY, 2023 Bill No. 17 of 2023 THE FINANCE BILL, 2023 A BILL […]
Budget 2023-2024 Speech of Nirmala Sitharaman, Minister of Finance – February 1, 2023 Hon’ble Speaker, I present the Budget for 2023-24. This is the first Budget in Amrit Kaal. Introduction 1. This Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100. We envision a prosperous and […]
Wishlist for Union Budget 2023 Corporate Taxation – Focus on boosting growth, employment and new investment. Concessional tax regime for service sector high on agenda.
आम बजट २०२३ लेकर के आए, खुशाली और प्रगति की नई आशा। इस कविता के माध्यम से प्रस्तुत करता हूँ मैं, आम नागरिक की बजट अभिलाषा॥ चूंकि अब कर चुकी हैं हमारी आदरणीय वितमंत्री जी, बजट २०२३ का हलवा परोस। देखने को उत्सुक हैं हम सभी, ये बजट भरता है भारतीय अर्थव्यवस्था में कितना जोश॥
केंद्रीय वित्त मंत्री निर्मला सीतारमण 1 फरवरी 2023 को आम बजट प्रस्तुत करेंगी यह मोदी सरकार के दूसरे कार्यकाल का अंतिम पूर्ण बजट होगा हर बार की तरह इस बार भी वेतन भोगी तथा मध्यम वर्ग को आने वाले बजट 2023 से काफी उम्मीदें हैं तथा इस बार पूर्ण आशा है कि सरकार उन्हें कुछ रियायत दे सकती है. उम्मीदें लगाई जा रही हैं कि नए बजट 2023 में मध्यम वर्ग पर टैक्स का भार कम हो सकता है.
In India, the National Budget is developed and maintained by a team of government officials and researchers. The team behind the national budget is headed by the Finance Minister and consists of a number of officials who work on the budget and are responsible for its implementation.
Learn about the expected changes in GST for the Union Budget 2023-24 in the Finance Bill 2023, such as raising the minimum prosecution threshold and decriminalizing certain offences. Read about compounding penalties, e-commerce supplies for unregistered suppliers and GST exemptions for third country exports.
Anticipate the Budget 2023 with expectations for relaxations in compliance requirements under the Income Tax Act and empowering SEBI to question companies with inflated IPO offer prices. Stay tuned for the last full budget of the current government term.
Pre-Budget Memorandum for 2023-24 in respect of suggestions on Direct Taxes, Indirect Tax and Railways. We have concentrated on Tier 2 & 3 cities like Shivamogga with following suggestions which, we are sure, will meet with your approval. Each of the suggestions has been necessitated on account of the critical issues of demand generation, job creation, industrialization especially in tier 2 cities.
A company opting for special rate taxation under section 115BAA and 115BAB of the Act are exempt from paying MAT. Further, a company, being a unit of an International Financial Services Centre (IFSC) and deriving its income solely in convertible foreign exchange, will be required to pay MAT at 9% (plus cess and surcharge as applicable
