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...
Finance : The Supreme Court has allowed taxpayers to challenge retrospective amendments validating JAO reassessment actions. It stayed ongoi...
Income Tax : The issue arose from taxing buybacks as dividends, causing higher tax burden and unusable capital losses. The reform restores capi...
Income Tax : The Supreme Court has admitted a case to resolve conflicting interpretations of due dates for PF/ESI contributions. The ruling wil...
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Excise Duty : The government has withdrawn an earlier central excise exemption notification with effect from 2 February 2026.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...
Budget 2023: Seeks to further amend notification No. 11/2021- Customs dated 1st February, 2021, so as to levy/exempt Agriculture and Infrastructure Development Cess (AIDC) on certain items. vide Notification No. 03/2023-Customs Dated: 1st February, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2023-Customs | Dated: 1st February, 2023 G.S.R.68(E). – In […]
Budget 2023: Seeks to further amend notification No. 50/2017- Customs, dated the 30th June, 2017, so as to revise/provide exemption(s) on the specified goods vide Notification No. 02/2023-Customs Dated: 1st February, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 02/2023-Customs | Dated: 1st February, 2023 G.S.R. 67(E).— In exercise of the […]
Mrs Nirmala Sitharaman will be declaring the Finance Budget of 2023-24 on 01st February in the Lok Sabha. Everyone is excited about the Budget. But Krishna, it is said that everyone must live within their budget, why so?
Budget 2023: Seeks to exempt Compressed Natural Gas (CNG) from so much of the duty of excise leviable on amount of GST paid on Biogas or Compressed Biogas which is blended with CNG. vide Notification No. 05/2023 -Central Excise Dated : 1st February, 2023 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. […]
Get a summary of the GST proposals under Finance Bill 2023 with this comprehensive overview. Explore changes to Clause (d) and (c) of sub-section (2) and (2A) in Section 10 of the CGST Act, plus the amendment to Provisos to S. 16(2) related to reversal under Rule 37.
Understand the proposed amendments in GST at a glance with the Finance Bill, 2023. Compare the existing clauses, proposed amendments, & nature of the amendment.
The Budget Session of Parliament began at 11 am on 31 January, 2023. President of India Draupadi Murmu addressed both houses in a joint session. The Economic Survey was tabled with projections for economic growth for fiscal 2023-24. FM Nirmala Sitharaman tabled the Economic Survey in Parliament.
Learn about 10 major changes in Union Budget 2023 related to Income Tax, including increased income rebate to 7 lacs & slab rate structure. Example: Mr. ABC income – 7 lacs in FY 2023-24.
Highlights of Union Budget 2023-24: New tax regime to become the default, no tax on income up to Rs 7 lakh, increase in tax rebate from Rs 5 lakhs, 16% increase in NCCD on certain cigarettes, 45% of tax refunds processed within 24 hours.
List of Budget documents presented to Parliament includes Budget 2023 Speech, Annual Financial Statement, Demands for Grants, Finance Bill
