Income Tax : Budget 2026 has extended the due dates for ITR-3, ITR-4, and revised returns, offering taxpayers greater flexibility. Understandin...
Income Tax : The article explains how the Finance Act, 2026 replaced the deemed dividend framework with capital gains taxation. The change allo...
Income Tax : Taxpayers now get three extra months to correct mistakes in originally filed income tax returns. The revised return mechanism rema...
Finance : Secondary SGB buyers must now pay 12.5% LTCG tax, unlike primary holders. The change reshapes returns and investment strategies in...
Income Tax : Establishes that higher tax burdens on promoters under the new regime require companies to reassess payout strategies. The takeawa...
Income Tax : The amendments focus on reassessment timelines, electronic communication, and procedural clarity. The changes aim to reduce litiga...
Income Tax : The Government introduced reforms to simplify tax dispute resolution, including broader immunity provisions and expanded scope for...
Income Tax : A focused session breaks down recent Budget amendments affecting NRI taxation. It highlights how changes impact income, investment...
CA, CS, CMA : Budget 2026 prioritises easing compliance, reducing penalties, and cutting litigation rather than raising tax rates. The reforms a...
Custom Duty : New baggage rules and processing regulations are notified, replacing earlier frameworks and aligning customs procedures for passen...
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 : CBDT updated DIN rules to align with new provisions introduced under the Finance Act, 2026. The circular mandates DIN for most tax...
Income Tax : The Finance Act, 2026 prescribes income-tax rates, surcharge, and cess for the assessment year 2026–27. It establishes the legal...
Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026. The rescission is ...
Excise Duty : The government has extended key excise provisions and introduced a specific duty structure for CNG blended with biogas. The key ta...
Excise Duty : The government has reduced the effective National Calamity Contingent Duty on specified tobacco products. The key takeaway is a ca...
Intangibles have over the past couple of decades become an integral path for achieving accelerated business growth. A few decades ago, the valuation of a company was largely derived based on the tangible assets it owned, such as machinery, plant, raw material, etc. However, in recent times, intangibles such as software, data, intellectual property, etc. […]
♦ In case of Individuals, HUF, AOP, BOI, Artificial Judicial Person The amount of Income Tax computed in accordance with the preceding provisions of this paragraph (including capital gains under section 111A, 112, and 112A), shall be increased by surcharge at the rate of – 1. Having a total income (including the income by way […]
Discover the key income-tax proposals in Union Budget 2023-24. Learn how 33% increase in capital spending plans to bolster of India’s infrastructure, create jobs and boost growth. 50 additional airports & 100 projects identified. Investment opportunities & 2.4 trillion rupee for railways budgeted.
Learn about the implications of Amendments in Budget 2023 on Trusts, their functioning and formation. Trusts are neither encouraged nor trusted in the Budget 2023, but every budget.
Decode the Union Budget 2023-24 with its 114+ direct tax clauses. Understand the differences between the old and new regimes with insights from tax practitioners/chartered accountants.
Learn about the Agnipath Scheme, 2022 and its tax treatment, implemented by the Ministry of Defence on November 1, 2022. Non-lapsable dedicated Agniveer Corpus Fund and Seva Nidhi Package explained.
Opt for presumptive profits with the Union Budget 2023 – Direct Tax Proposals, raising threshold to Rs. 3 crores! Learn more here.
GST amendments in the Finance Bill 2023 proposed by Mrs. Nirmala Sitharaman. Get an analysis of the clause-by-clause changes with reference to the GST Act
Discover the analysis of impact on delay payment by Indian MSMEs under income tax. Learn how these delays affect India’s GDP, employment & more.
Tax Regime Amendments – Budget 2023 Highlights: Get the lowdown on income tax applicability and amendments in the new tax regime. From AY 2024-25, check out the proposed rates from 0% to 30%! Plus, details on the surcharge and rebate u/s 87A.
