Income Tax : Overview of Finance Act 2025 changes: capital assets, fund manager relocation, search case assessments, and more. ...
Income Tax : Understand TDS on rent for individuals: thresholds, rates, and compliance procedures as per Section 194-IB....
Service Tax : Finance Act, 2025 exempts service tax on reinsurance under crop insurance schemes for 2011-2017. Refund claims must be filed withi...
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 : The Finance Bill 2025 proposes tax exemption on income up to ₹12 lakh, revised tax slabs, and a ₹75,000 standard deduction for...
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...
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...
The 2024 Budget empowers the government to restrict certain goods under the MOOWR Scheme, which facilitates duty-free imports for manufacturing operations.
Ministry of Finance notifies commencement dates for provisions of the Finance (No. 2) Act, 2024. Key sections to come into force by November 2024.
Budget 2024 revises LTCG tax on property sales, cutting indexation benefits and affecting real estate investments. Learn how this impacts your tax planning.
Explore the new reassessment provisions under the Finance Act, 2024, including updates to sections 148, 148A, 149, and 151, with simplified processes and revised timelines.
Key changes in the Finance (No. 2) Act 2024 include revised income tax rates, capital gains tax adjustments, and new definitions impacting tax calculations.
The Finance Act, 2024, brought significant changes to the long-term capital gains (LTCG) tax on real estate sales. Notably, the LTCG tax rate on the sale of immovable property has been reduced from 20% to 12.5%, but the indexation benefits have been withdrawn. This change has a direct impact on Non-Resident Indians (NRIs) who are […]
The 2024 Budget changes tax rules for share buybacks, impacting shareholder taxation and reducing tax arbitrage. Learn the implications and rationale.
Budget 2024 brings significant changes to capital gains tax with new rates, holding periods, and amendments to key sections. Effective dates start October 2024.
Section 43B(h) mandates tax deductions only on actual payments to MSMEs, effective April 2024. Explore its potential impact on industries and small businesses.
The Finance (No 2) Act 2024 has been notified on 16th August 2024. The Finance Act sections 1 to 99 (Page 1 to 54) amends Income Tax Act, section 158 (Page 68 to 69) amends Prohibition of Benami Property Transactions Act and section 164 (Page 70 to 71) amends Black Money Act. The key amendments […]
