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...
Finance : The Supreme Court has allowed taxpayers to challenge retrospective amendments validating JAO reassessment actions. It stayed ongoi...
Income Tax : The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capi...
Income Tax : The Supreme Court has admitted a case to resolve conflicting interpretations of due dates for PF/ESI contributions. The ruling wil...
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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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...
In 1860, the British Raj introduced the first budget for colonial India. Discover India’s budget history, reforms & progress over the decades with Tax Reforms and India’s Budgetary System.
Discover the 2023 Budget for India and learn how citizens are guaranteed the best possible provisions through progressive taxes, stakeholder feedback, public polls, and expert consultation.
Optimizing your business efficiency by streamlining GST procedures as part of the upcoming budget in India. Find out more!
Memorandum containing suggestions for Budget 2023 by CCI Professionals Forum with request to consider annoucing another Disclosure Scheme and Vivad Se Vishwas Scheme in national interest. CCI PROFESSIONALS’ FORUM (A unit of Calcutta Citizens’ Initiative) 3, Ho Chi Minh Sarani, Ground Floor, Kolkata 700071 Email npjainadv@gmail.com (M) 98309 51252 Ph – 033-40661000 7th January, 2023 […]
The importance of formalities before presenting the budget for 2023 is clear. Brought to you by Finance Minister Smt. Nirmala Sitaraman, explore the Halwa Ceremoney & Union Budget Mobile App with this blog post!
The budget of the Indian government is an important document that details all of the expenditures, revenue collection, and development plans of the government for the current financial year. Every year, the budget is presented by the Finance Minister in the Indian Parliament, and it provides the basis for the allocation of resources for the country’s economic and social welfare.
Explore critical pre-budget concerns for India’s 2023-24 fiscal year. Uncover challenges such as job generation, rural-urban employment disparities, and the impact of automation on job opportunities. Delve into the ailing state of the agricultural sector, highlighting issues like shrinking arable land, youth aversion to farming, and inadequate cold storage infrastructure. Lastly, scrutinize the mismanaged taxation system, addressing repressive indirect taxes and an inefficient direct tax structure. Will the upcoming budget effectively tackle these impending challenges and sustain the nation’s economic stability
1. Income Tax Department brings reforms for Cooperatives! Alternate Minimum Tax for cooperative societies reduced to 15% to bring them at par with companies. Reduction of Alternate Minimum tax rate for cooperatives Announcement Currently, cooperative societies are required to pay Alternate Minimum Tax at the rate of eighteen and one half per cent. However, companies […]
Delve into the history of budgeting and how it has evolved over centuries. Explore the insights into India’s budget allocation for 2023-24, anticipating significant allocations for defense, agriculture, health, and more. Stay informed on economic trends and fiscal policies.
Explore the complex process of Indias Annual Budget. Learn how it shapes the nations growth, provides the basis for economic planning & decision-making, & helps ensure economic stability. India’s Annual Budget: An Exploration of the Process
