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Changes in Capital Gains Taxation: Budget 2024 Amendments

Income Tax : Explore the significant changes in capital gains taxation proposed in Budget 2024, including revised tax rates, holding periods, a...

August 14, 2024 15414 Views 3 comments Print

TDS under Section 194T of Income Tax Act, 1961

Income Tax : Learn about Section 194T introduced in Finance Bill 2024, covering TDS on payments to partners, its implications, and potential c...

August 13, 2024 16872 Views 0 comment Print

Budget 2024 Amendments: Key Changes in Trust Provisions

Income Tax : Budget 2024 introduces significant amendments in trust-related provisions under the Income Tax Act, including registration timelin...

August 13, 2024 3597 Views 0 comment Print

Intricacies of Taxation of Income from Mutual Funds

Income Tax : Explore the latest tax provisions affecting mutual fund income, including recent changes in capital gains taxation and classificat...

August 13, 2024 1458 Views 0 comment Print

Income Tax impact on buy back of shares due to changes in Finance Bill, 2024

Company Law : Tax implications of the Finance Bill 2024 on share buybacks. Key changes, examples, and their impact on shareholders' tax liabilit...

August 13, 2024 1836 Views 2 comments Print


Latest News


Proposed Amendments to Finance (No. 2) Bill, 2024: Key Changes

Income Tax : Key amendments to the Finance (No.2) Bill, 2024, include changes in tax rates, capital gains, customs duties, and excise laws, eff...

August 8, 2024 16935 Views 0 comment Print

ICAI President’s August 2024 Message: Exam Results & Economic Insights

CA, CS, CMA : ICAI President's August 2024 message highlights India's economic growth, recent exam results, and the Union Budget's role in achie...

August 2, 2024 288 Views 0 comment Print

Budget 2024: Key Changes in GST and Customs

Goods and Services Tax : Discover the major amendments in GST, excise, and customs duties introduced in Budget 2024, including changes in CGST, IGST, and C...

July 30, 2024 1662 Views 0 comment Print

Amendment to Section 55: Clarifying Cost of Acquisition for Equity Shares

Income Tax : Finance Bill 2024 proposes an amendment to Section 55 of the Income Tax Act to clarify the computation of cost of acquisition for ...

July 27, 2024 4110 Views 0 comment Print

Budget 2024: Extended Lower TDS Deduction/ TCS Collection Scope

Income Tax : Budget 2024 extends the scope for lower deduction/collection certificates under Sections 197 and 206C, effective from October 2024...

July 26, 2024 2511 Views 0 comment Print


Latest Judiciary


Key GST Amendments in Finance Bill 2024

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...

July 26, 2024 4212 Views 0 comment Print

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 4935 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 2282 Views 0 comment Print


Latest Notifications


Finance (No. 2) Bill, 2024 – As Passed by Lok Sabha on 7.8.2024

Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...

August 13, 2024 2841 Views 0 comment Print

GST: Govt notifies section 11 to 13 of Finance Act (No. 8) 2024

Goods and Services Tax : Govt. sets October 1, 2024, for Finance Act 2024, Section 13; April 1, 2025, for Sections 11 and 12, under Notification No. 16/202...

August 6, 2024 1626 Views 0 comment Print

Customs Tariff Amendment Rules 2024: CVD & Injury Determination

Custom Duty : Notification No. 51/2024-Customs (N.T.) introduces New Shippers Review in countervailing duty rules, effective from 24th July 2024...

July 23, 2024 375 Views 0 comment Print

Notification No. 39/2024-Customs Extends Re-import Period

Custom Duty : Notification No. 39/2024-Customs amends No. 45/2017-Customs to extend re-import period from 3 to 5 years, effective from 24th July...

July 23, 2024 564 Views 0 comment Print

CBIC amends 32 Custom duty notifications to extend their validity

Custom Duty : Government of India amends 32 Customs notifications and extends the re-export period for certain foreign-origin goods under Notifi...

July 23, 2024 360 Views 0 comment Print


Notification No. 16/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 14815 Views 0 comment Print

In the said notification, in the TABLE, – (i) serial numbers 1A and 1B and the entries relating thereto shall be omitted;

Notification No. 15/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 5336 Views 0 comment Print

G.S.R. 145(E) In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sections 136 and 138 of the Finance Act, 2007 (22 of 2007),

Notification No. 14/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 6964 Views 0 comment Print

Notification No. 14/2015-Central Excise G.S.R. 144(E) In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sections 91 and 93 of the Finance (No. 2) Act, 2004 (23 of 2004), the Central Government being satisfied that it is necessary in the public interest so to do, hereby exempts all goods falling within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)

Notification No. 13/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 1018 Views 0 comment Print

In the said notification, in the TABLE, after serial number 8 and the entries relating thereto, the following serial number and the entries shall be inserted, namely:-

Notification No. 12/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 16536 Views 0 comment Print

in the opening paragraph, in the first proviso, for the figures, letters and words “31st day of March, 2015”, the figures, letters and words “31st day of March, 2016” shall be substituted;

Notification No. 11/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 1444 Views 0 comment Print

G.S.R. (E).- In exercise of the powers conferred by section 133 of the Finance Act, 1999 (27 of 1999), read with section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts high speed diesel oil, falling under heading 2710 of the First Schedule to the Central Excise Tariff Act, 1985

Notification No. 11/2015-Customs, Dated : March 1, 2015

March 1, 2015 2621 Views 0 comment Print

All goods [except populated Printed Circuit Boards (PCBs) ] required for use in the manufacture of the following, namely,-(i). All goods specified against S.Nos.1 to 68 of the TABLE to the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 25/1998-Customs, dated the 2nd June, 1998 vide number G.S.R.290(E), dated the 2nd June, 1998

Notification No. 10/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 1209 Views 0 comment Print

Notification No. 10/2015-Central Excise In exercise of the powers conferred by section 111 of the Finance (No.2) Act, 1998 (21 of 1998), read with section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts motor spirit commonly known as petrol

Notification No. 10/2015-Customs, Dated : March 1, 2015

March 1, 2015 1988 Views 0 comment Print

(A) in the Table,- (i) after S.No. 113 and the entries relating thereto, the following S.No. and entries shall be inserted (ii) against S.No. 125, for the entry in column (4), the entry ” 5%” shall be substituted

Notification No. 9/2015-Central Excise, Dated: March 1, 2015

March 1, 2015 1960 Views 0 comment Print

In the said notification, in the Table, after S.No. 1 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:-

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