Income Tax : Explore the significant changes in capital gains taxation proposed in Budget 2024, including revised tax rates, holding periods, a...
Income Tax : Learn about Section 194T introduced in Finance Bill 2024, covering TDS on payments to partners, its implications, and potential c...
Income Tax : Budget 2024 introduces significant amendments in trust-related provisions under the Income Tax Act, including registration timelin...
Income Tax : Explore the latest tax provisions affecting mutual fund income, including recent changes in capital gains taxation and classificat...
Company Law : Tax implications of the Finance Bill 2024 on share buybacks. Key changes, examples, and their impact on shareholders' tax liabilit...
Income Tax : Key amendments to the Finance (No.2) Bill, 2024, include changes in tax rates, capital gains, customs duties, and excise laws, eff...
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...
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...
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 ...
Income Tax : Budget 2024 extends the scope for lower deduction/collection certificates under Sections 197 and 206C, effective from October 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...
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 ...
Income Tax : Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals...
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...
Custom Duty : Notification No. 51/2024-Customs (N.T.) introduces New Shippers Review in countervailing duty rules, effective from 24th July 2024...
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...
Custom Duty : Government of India amends 32 Customs notifications and extends the re-export period for certain foreign-origin goods under Notifi...
Delve into the history of budgeting and how it has evolved over centuries. Explore the insights into India’s budget allocation for 2023-24, anticipating significant allocations for defense, agriculture, health, and more. Stay informed on economic trends and fiscal policies.
Explore the complex process of Indias Annual Budget. Learn how it shapes the nations growth, provides the basis for economic planning & decision-making, & helps ensure economic stability. India’s Annual Budget: An Exploration of the Process
वर्ष २०१४ से आयकर मुक्त सीमा जो एक मध्यम वर्गीय के लिए २.५० लाख रुपए प्रति वर्ष की बनी है, वह आज २०२२ में भी वैसी ही है. शायद सरकार को आज भी उम्मीद नहीं है कि करदाता ईमानदारी से टैक्स भरेंगे. ८ करोड़ करदाता में से मात्र १.५० करोड़ करदाता ही आयकर भरता है, […]
Explore Indias 2023-24 budget expectations from the Corporate Sector. Regulatory, structural & behavioral changes due to pandemic & government policy approach will determine economic recovery.
Union Finance Minister Smt. Nirmala Sitharaman concludes pre-Budget meetings for forthcoming Union Budget 2023-24 Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2023-24 held in virtual mode from 21st to 28th November, 2022. The pre-budget meeting were concluded here today. More than 110 invitees representing 7 stakeholder groups […]
s agricultural land is not covered under the definition of Capital asset, capital gains on transfer of the same is not taxed. Suitable provisions may be introduced to exclude this Capital gain while calculating Book Profit for the purpose of MAT.
Chartered Accountants Association Surat (CASS) Comprehensive Pre-Budget 2023-24 Memorandum by CAAS highlighting hardships and areas of improvement where Income-Tax can become taxpayer friendly tax. Sr. No. Existing provision under the I. T. Act, 1961 Section 2 of Finance act: – Tax rates for non-corporate Tax payers 1 Difficulty / Issue 1) Tax rates for corporates […]
Central Government hereby appoints the 1st day of October, 2022, as the date on which the provisions of sections 100 to 114 of Finance Act, 2022, except clause (c) of section 110 and section 111, shall come into force vide Notification No. 18/2022–Central Tax | Dated: 28.09.2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF […]
Updated Income Tax Return has been introduced by inserting a new sub-section (8A) to Section 139 of Income Tax Act, 1961 to provide an opportunity to taxpayers to rectify the mistake of omission of income in the Return of Income filed.
Learn how to create, monitor, and review a budget effectively. Discover the key points to consider and ensure the success of your business.
