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Budget

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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 11847 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 939 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 6522 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 5346 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 9687 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 2685 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: Transfer Pricing Amendments

February 4, 2025 966 Views 0 comment Print

Learn about the amendments to Section 92CA concerning references to the Transfer Pricing Officer for determining arm’s length pricing in international and domestic transactions.

Googly in the form of Budget 2025-26 I Revenue Vs Expenditure Imbalance

February 4, 2025 2754 Views 1 comment Print

Explore the impact of tax exemptions in Budget 2025-26 and the potential consequences for revenue and economic growth.

Budget 2025: Key Updates on Income Tax Slabs & Deductions

February 4, 2025 42285 Views 6 comments Print

Budget 2025 introduces new income tax slabs, deductions, and extensions, including updates on TDS, rebates, and presumptive schemes for NRIs.

Finance Bill, 2025: Highlights of Direct Taxes & GST Proposals

February 4, 2025 13941 Views 0 comment Print

Budget 2025 includes changes in direct taxes, GST amendments, and tax compliance measures, focusing on simplified taxation and improved ease of business.

Compilation of General Direct Tax Provisions of Finance Bill, 2025

February 3, 2025 2745 Views 0 comment Print

Finance Bill 2025 introduces changes in direct tax provisions, including revised tax slabs, exemptions, and TDS thresholds. Effective from April 2025.

Key Proposals of Union Budget, 2025 (Income Tax)

February 3, 2025 1863 Views 0 comment Print

Key proposals of the Union Budget 2025 focus on tax slab revisions, TDS changes, NPS Vatsalya benefits, and simplified compliance.

Union Budget 2025: Key Highlights and Tax Reforms

February 3, 2025 2430 Views 0 comment Print

Union Budget 2025 focuses on growth engines like MSME, agriculture, and exports. Major tax reforms include a ₹12L exemption limit & updated GST provisions.

Important Highlights of Indirect Taxes in Budget 2025

February 3, 2025 1350 Views 0 comment Print

Budget 2025 introduces GST and Customs duty changes, tax rate reductions, and compliance updates. Key highlights on exemptions, penalties, and amendments.

Decoding Budget 2025: Customs Amendments Demystified

February 3, 2025 7569 Views 1 comment Print

Understand the key Customs Act amendments in Budget 2025. Learn how changes impact importers, exporters, and compliance under the new regulatory framework.

Tax Exemption on Withdrawals from National Savings Scheme

February 3, 2025 2538 Views 2 comments Print

Section 80CCA exempts withdrawals from pre-1992 National Savings Scheme deposits from taxation, effective retrospectively from August 29, 2024.

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