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Section 87A Controversy Continues Even After Budget 2025

Income Tax : Budget 2025 raised the Section 87A rebate limit to ₹12 lakh but restricted its use on special rate income. Learn about key chang...

February 22, 2025 12093 Views 0 comment Print

Provisions related to Revised Tax Slab in Budget 2025 for Individuals

Income Tax : Budget 2025 revises income tax slabs, making ₹4,00,000 tax-free. New rates range up to 30% for income above ₹24,00,000. Key de...

February 21, 2025 942 Views 0 comment Print

Income Tax Bill 2025: Provisions Relating to TDS & TCS

Income Tax : Income Tax Bill 2025 introduces changes to TDS, TCS, and LRS provisions, raising threshold limits and reducing compliance burdens....

February 21, 2025 6525 Views 1 comment Print

Budget 2025: Key Income Tax Proposals

Income Tax : Overview of key income tax changes for non-residents, charitable trusts, and individuals, including SEP rules, fund management, an...

February 18, 2025 5355 Views 0 comment Print

Budget 2025 Synopsis: Tax Reforms & Economic Initiative

Income Tax : Budget 2025 focuses on economic growth, tax reforms, and infrastructure. Key changes include new tax rates, financial sector refor...

February 18, 2025 756 Views 0 comment Print


Latest News


Key Highlights of Finance Bill 2025: Income Tax Changes

Income Tax : Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for sa...

February 19, 2025 9690 Views 0 comment Print

Income Tax Bill 2025: Executive Summary on Income Tax Act Simplification

Income Tax : Income-Tax Bill 2025 simplifies tax laws by reducing sections, chapters, and words while ensuring no policy or tax rate changes. K...

February 13, 2025 2712 Views 0 comment Print

New Income-Tax Bill 2025: Section Mapping & Updates

Income Tax : Explore the section mapping of the New Income-Tax Bill 2025, comparing provisions with the Income-Tax Act, 1961. See key changes, ...

February 13, 2025 2688 Views 0 comment Print

ICSI appreciates Budget 2025

Finance : ICSI acknowledges Budget 2025’s focus on economic growth, regulatory reforms, and entrepreneurship, emphasizing its role in shap...

February 2, 2025 318 Views 0 comment Print

FAQs on Customs Duty, Tariff Rationalization & Duty Changes by Budget 2025

Custom Duty : This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Dut...

February 1, 2025 1851 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 4836 Views 1 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 5013 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 2378 Views 0 comment Print


Latest Notifications


Union Budget 2025-26: Customs Reforms & GST Surge

Goods and Services Tax : The Union Budget 2025-26 introduces customs reforms to boost trade and domestic manufacturing. January GST collections hit ₹1.95...

February 4, 2025 678 Views 0 comment Print

CBIC Extends Date for Additional Duty on Unblended Diesel

Excise Duty : Govt extends provisions under Excise Notification 11/2017 from 2025 to 2026. Changes take effect on February 2, 2025....

February 1, 2025 459 Views 0 comment Print

Customs Notification 07/2025: Quarterly Reporting Rules

Custom Duty : CBIC amends Customs IGCR Rules, 2022 to extend reporting timelines from monthly to quarterly and revise submission deadlines....

February 1, 2025 672 Views 0 comment Print

Customs Notification 13/2025: Amendment to Import Rules

Custom Duty : Govt amends Customs Notification 153/94, updating classifications under chapters 86, 88, and 89. Changes effective from February 2...

February 1, 2025 507 Views 0 comment Print

Customs Notification 12/2025: Ammunition Import Amendment

Custom Duty : Govt modifies Customs Notification 19/2019, updating classifications for ammunition imports. Changes effective from February 2, 20...

February 1, 2025 318 Views 0 comment Print


Budget 2025: Key Announcements & Tax Changes

February 5, 2025 597 Views 0 comment Print

Budget 2025 highlights key reforms in rural development, manufacturing, and taxation, including tax exemption up to ₹12 lakh and financial sector reforms.

Income Tax Calculator FY 2025-26

February 5, 2025 14022 Views 2 comments Print

Compare Old vs. New Tax Regimes for FY 2025-26. Check tax slabs, deductions, rebates, and use the tax calculator to estimate your tax liability.

Why Unfair Tax Treatment for Old Tax Regime Followers?

February 5, 2025 5244 Views 4 comments Print

Government policies discourage savings by reducing tax benefits under the Old Tax Regime, impacting those with housing loans and insurance commitments.

Section 87A rebate applicable for Capital Gains Post-Budget 2025

February 4, 2025 17208 Views 1 comment Print

Understanding the applicability of Section 87A rebate for capital gains under both the old and new tax regimes post-Budget 2025.

Budget 2025: 10-Year Registration for Small Trusts

February 4, 2025 1305 Views 0 comment Print

Budget 2025 proposes a 10-year registration for small charitable trusts with income under ₹5 crores, aiming to reduce compliance but excludes new trusts and Section 80G approvals.

Union Budget 2025-26: Customs Reforms & GST Surge

February 4, 2025 678 Views 0 comment Print

The Union Budget 2025-26 introduces customs reforms to boost trade and domestic manufacturing. January GST collections hit ₹1.95 lakh crore, reflecting strong growth.

Auto Income Tax Calculator for FY 2025-26

February 4, 2025 54354 Views 2 comments Print

Use the Income Tax Calculator for FY 2025-26 to compare old and new tax regimes, calculate TDS, and generate Form-16 easily.

Budget 2025 Highlights: Tax, GST & MSME Changes Explained

February 4, 2025 2805 Views 0 comment Print

Explore key Budget 2025 changes in income tax, GST, and MSMEs, including new tax slabs, TDS changes, and more.

Why the ₹12 Lakh Income Exemption Worried Some Taxpayers?

February 4, 2025 2823 Views 3 comments Print

Learn how the Marginal Relief provision in the Union Budget 2025 helps taxpayers avoid high tax payments for small income increases.

Union Budget 2025-26: Direct & Indirect Tax Highlights

February 4, 2025 1995 Views 0 comment Print

Key highlights of Union Budget 2025-26 on GST, customs, and tax reforms, including input tax credit changes, customs duty reductions, and trade facilitation measures.

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