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Union Budget 2024-25: Key Direct Tax Proposals

Income Tax : Discover key proposals in the VTPA Direct Tax Budget Bulletin 2024-25. Detailed insights into income-tax changes, corporate tax im...

July 26, 2024 198 Views 0 comment Print

Budget 2024: Highlights of Income Tax & GST Proposals and their implications

CA, CS, CMA : Explore key proposals in the Finance (No.2) Bill, 2024, including tax reforms, GST updates, and their implications for businesses ...

July 26, 2024 108 Views 0 comment Print

Union Budget and Startup Ecosystem

Corporate Law : Budget 2024 boosts startups by abolishing Angel Tax, setting up a ₹1000 crore space tech fund, and reducing long-term capital ga...

July 26, 2024 54 Views 0 comment Print

Summary of impact on TDS / TCS in Budget proposals of 2024-25

Income Tax : Explore the 2024-25 budget proposals affecting TDS/TCS rates, new sections, and compliance updates. Stay informed on key changes a...

July 26, 2024 5232 Views 1 comment Print

Comprehensive Analysis of Indian Customs & GST Reforms in 2024 Budget

Custom Duty : Comprehensive review of Indian 2024 Budget reforms on Customs & GST, highlighting impacts on manufacturing, exports, and tax admin...

July 26, 2024 78 Views 0 comment Print


Latest News


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 1443 Views 0 comment Print

Budget 2024: Exemption from TCS for Specific Entities from Oct 2024

Income Tax : Budget 2024 introduces provisions for exempting or reducing TCS on certain transactions. Effective from October 2024....

July 26, 2024 717 Views 0 comment Print

Budget 2024: Revised Penalty Timeline for TDS/TCS Statements

Income Tax : Budget 2024 reduces penalty relief period for TDS/TCS statement filing from one year to one month. Changes effective April 2025....

July 26, 2024 861 Views 0 comment Print

Section 271GC: Penalty for Liaison Offices’ Failure to Submit Statements for Non-Residents in India

Income Tax : Budget 2024 introduces new deadlines and penalties for non-resident liaison offices in India. Amendments effective April 2025....

July 26, 2024 216 Views 0 comment Print

Budget 2024: New TDS/TCS Correction Statement Deadline

Income Tax : Budget 2024 introduces a six-year limit for filing TDS/TCS correction statements. Amendments to sections 200 and 206C will be effe...

July 26, 2024 2220 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 2076 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 4911 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 2270 Views 0 comment Print


Latest Notifications


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 201 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 300 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 237 Views 0 comment Print

Amendment to Export Duty on Raw Hides & Leather: Notification No. 37/2024-Customs

Custom Duty : Notification No. 37/2024-Customs revises export duties on raw hides, skins, and leather, effective from 24th July 2024. Updated ra...

July 23, 2024 171 Views 0 comment Print

Exemption of BCD & SWS on Critical Minerals: Notification No. 36/2024-Customs

Custom Duty : Notification No. 36/2024-Customs exempts BCD and SWS on critical minerals like graphite, cobalt, and lithium, effective from 24th ...

July 23, 2024 273 Views 0 comment Print


GST Proposed Amendments- Finance Budget 2024

July 25, 2024 912 Views 0 comment Print

Explore the proposed amendments to GST in the Finance Budget 2024, including changes to Section 9(1), Section 74A, ITC claims, and more.

Rationalization and simplification of capital gains: Union budget 2024

July 25, 2024 609 Views 0 comment Print

Union Budget 2024 proposes revised holding periods, increased short-term capital gains tax rates, and uniform long-term capital gains tax rates.

Budget 2024: Rationalization of Income Tax Re-assessment Provisions

July 25, 2024 831 Views 0 comment Print

Discover the key amendments in the Finance (No.2) Bill, 2024, affecting income tax reassessment procedures under the Income-tax Act, 1961.

Budget 2024 में सीजीएसटी/आईजीएसटी अधिनियम 2017 में प्रस्तावित संशोधन की समीक्षा

July 25, 2024 243 Views 0 comment Print

वित्त विधेयक संख्या 02/2024 में CGST/IGST अधिनियम, 2017 में प्रस्तावित संशोधनों की विस्तृत समीक्षा। मानव उपभोग हेतु शराब और अन्य महत्वपूर्ण संशोधन।

Highlights on Major Changes In GST As Proposed In Finance Bill 2024

July 25, 2024 639 Views 0 comment Print

Discover the significant GST changes proposed in the Finance Bill 2024. Learn about amendments to key sections, including ITC claims, TDS returns, and appeal procedures.

Budget 2024 allows Claiming credit for TCS of minor in the hands of parent

July 25, 2024 771 Views 0 comment Print

Finance Bill 2024 proposes a new provision allowing parents to claim TCS credit for minor children under specific conditions, effective January 2025.

Budget 2024: Increase in limit of remuneration to working partners of firm

July 25, 2024 1779 Views 0 comment Print

Finance Bill 2024 proposes increasing the deduction limit for working partner remuneration to Rs. 3,00,000 or 90% of book profit, effective April 2025.

Interest Rate for Late TCS Payments Increased to 1.5%

July 25, 2024 525 Views 0 comment Print

Finance Bill 2024 increases interest on late TCS payments to 1.5% from April 2025, aligning with TDS rates and improving tax compliance.

Budget 2024: Amendment to section 271FAA to comply with AEOI framework

July 25, 2024 249 Views 0 comment Print

Budget 2024 amends Section 271FAA to include penalties for inaccurate information and due diligence failures, effective October 1, 2024.

All about Direct Tax Vivad se Vishwas Scheme 2024 proposed in Budget 2024

July 25, 2024 990 Views 0 comment Print

Explore the Direct Tax Vivad se Vishwas Scheme 2024 for resolving pending tax disputes. Learn about its provisions, benefits, and implementation details.

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