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Budget

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Budget 2024 – Issues in Presumptive Taxation

Income Tax : Budget 2024 brings into focus the complexities and challenges surrounding presumptive taxation in India, particularly under sectio...

July 16, 2024 4740 Views 0 comment Print

Anticipating India’s Budget 2024: Expectations and Projections

Income Tax : Explore India's Budget 2024 expectations and projections, including potential tax relief, increased healthcare and education spend...

July 15, 2024 1059 Views 0 comment Print

Anticipations and Expectations for Budget 2024

Income Tax : Explore the key expectations for Budget 2024, including potential tax reliefs, increased deductions, and economic growth strategie...

July 11, 2024 417 Views 0 comment Print

Rationalise Income Tax Rates to augment income and for better Compliance

Income Tax : Explore rationale behind rationalizing income tax rates in India, its impact on compliance, and potential benefits for taxpayers. ...

June 21, 2024 1107 Views 2 comments Print

Pre Budget Memorandum 2024-25: Tax Base, Avoidance, Litigations

Income Tax : Explore the comprehensive Pre Budget Memorandum 2024-25 addressing crucial aspects like tax base expansion, avoidance mitigation, ...

June 19, 2024 25143 Views 3 comments Print


Latest News


Postmortem of Union Budget 2024: A Comprehensive Webinar

Income Tax : Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and inves...

July 16, 2024 3855 Views 3 comments Print

Rajasthan Budget 2024-25 Tax Proposals

Goods and Services Tax : Explore Rajasthan Budget 2024-25 tax proposals with reductions in VAT rates, abolition of certain taxes, and new incentives. Detai...

July 10, 2024 459 Views 0 comment Print

Budget 2024 Proposals: GST & Income Tax Amendments

CA, CS, CMA : Discover comprehensive proposals from The Punjab Accountants Association to improve tax compliance, extend filing deadlines, inclu...

June 29, 2024 5280 Views 0 comment Print

Budget Memorandum 2024 & suggested Amendments to Income-tax Act 1961

Income Tax : Explore the Malad Chamber of Tax Consultants' 2024 Pre-Budget Memorandum proposing crucial amendments to the Income Tax Act, 1961,...

June 20, 2024 3255 Views 0 comment Print

Suggestions for Union Budget 2024-25 in Direct Tax Domain

Income Tax : Explore comprehensive suggestions for Union Budget 2024-25 in direct tax domain, addressing key reforms and their potential impact...

June 17, 2024 1083 Views 0 comment Print


Latest Judiciary


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 4908 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 2264 Views 0 comment Print


Latest Notifications


Budget 2024: CBDT invites Suggestions on changes in direct & indirect taxes 

Income Tax : Explore suggestions from trade associations for Budget 2024-25 on changes in direct and indirect taxes. Submit proposals for tax s...

June 12, 2024 849 Views 0 comment Print

Finance Act 2024: President Grants Assent

Income Tax : On February 15, 2024, President Droupadi Murmu granted his assent to the Finance Act 2024 (Budget 2024), officially bringing the g...

February 15, 2024 5685 Views 0 comment Print

Government announces Remission of Income Tax Demands as per Budget 2024

Income Tax : Explore the details of F. No. 375/02/2023 - IT-Budget by the Ministry of Finance. Learn about the remission of outstanding tax dem...

February 13, 2024 12321 Views 0 comment Print

Updation of changes vide Budget 2024-25 in System

Custom Duty : Explore the impact of Budget 2024-25 updates by the Office of the Pr. Commissioner of Customs. Learn about changes, timelines, and...

February 1, 2024 825 Views 0 comment Print

Finance Bill, 2024 for Interim Budget 2024-2025

Income Tax : The Finance Bill, 2024, also known as Bill No. 14 of 2024, is a legislative proposal introduced in the Lok Sabha, the lower hous...

February 1, 2024 8406 Views 0 comment Print


Finance Bill 2023: Taxation of Electronic Gold Receipts

February 26, 2023 4785 Views 0 comment Print

Indian Government since 2015 has taken various steps toward the digital economy. Regulation of Gold Exchanges and provision of an ecosystem that would enable transparent and efficient exchanges of gold was essential to meet the objectives of digital economy.

Amendments by Finance Act, 2023 related to Tax on Capital gain

February 25, 2023 22335 Views 0 comment Print

Finance Act 2023 redefines capital gains Introduces amendments in Sec 54, 54F, and 45(5A), caps exemptions, and modifies MLD taxation. Embracing clarity and fairness in capital gain taxation.

Provisions Relating To TDS/TCS in Budget 2023

February 25, 2023 12078 Views 0 comment Print

Budget 2023 introduces new TDS/TCS provisions for online gaming winnings, revises rates for overseas remittances and tour packages, and adjusts cash withdrawal thresholds for co-operatives. Additionally, removes TDS exemption on interest from listed securities in demat form, effective April 1 and July 1, 2023.

Section 43B concerning MSMEs, its possible effect & suggestions

February 25, 2023 13002 Views 4 comments Print

Amendments in Section 43B of Income Tax Act, 1961 proposed by Finance Bill, 2023 concerning MSMEs, its possible effect, & certain suggestions

Pros and Cons for switching to new tax regime

February 25, 2023 11532 Views 0 comment Print

Budget 2023s new tax regime: A mix of flexibility and choice with potential for reduced savings. Understand the benefits and drawbacks before deciding.

FAQs on Presumptive Taxation for Businessmen – Section 44AD

February 25, 2023 7560 Views 2 comments Print

Section 44AD applies to Assesses who are resident individuals, Hindu Undivided Family, Partnership firm and has not claimed deduction u/s 10A, 10B, 10AA, or under chapter VI A in respect of certain incomes.

Be Cautious on Cash withdrawals – Budget 2023 – Section 194N 

February 25, 2023 13995 Views 0 comment Print

Section 194N under Income Tax Act have been introduced detailing the provisions of TDS on Cash withdrawals vide union budget 2023

Compliance for transactions done with Micro & Small Enterprises

February 25, 2023 3717 Views 2 comments Print

MSME Compliance Guide: Mastering Transactions with Micro & Small Enterprises – Key requirements and classifications for businesses.

Section 43B: Payments made to Micro and Small Enterprises

February 23, 2023 5307 Views 5 comments Print

Section 43B of the Income Tax Act amended: Deductions for payments to micro and small enterprises only if made within MSMED Act’s time limits.

Tax Rate – Decoding changes introduced by Finance Bill (Budget) 2023

February 23, 2023 1947 Views 0 comment Print

Decode the changes in tax rate with the new Finance Bill (Budget) 2023 – an individual’s guide to the new & old regime.

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