Budget

Budget: The Beacon of Evolution

Income Tax - Explore the impact of Indias budget evolution in 2024, focusing on economic growth, reducing disparity, and strategic resource allocation. Key highlights revealed!...

Tax planning strategies: Insights from India’s Finance Act 2023

Income Tax - Unlock the latest Income Tax Act changes for FY 24-25 with our guide on slab rates, business income, trust taxation, TDS/TCS, and international tax strategies....

Changes in provisions relating to Input Service Distributor (ISD): Finance Act, 2024

Income Tax - Understand the proposed changes in Input Service Distributor (ISD) provisions post-Finance Act, 2024. Dive into altered definitions and new distribution procedures for enhanced compliance....

Highlights of Finance Act, 2024

Income Tax - Explore key amendments in Finance Act 2024, covering tax rates, deductions, faceless schemes, and TCS. Understand changes for informed financial decisions....

ISD vs Cross Charge: The Budget Twist

Income Tax - Understand the changes in ISD and Cross Charge post-Budget 2024. Navigate through the implications, amendments, and compliance considerations for businesses....

Parliament’s Interim Budget Session 2024 Concludes Successfully

Income Tax - Interim Budget Session 2024 sees high productivity with 12 Bills passed, Lok Sabha and Rajya Sabha exceeding performance targets....

Highlights of Finance Bill, 2024

Income Tax - Explore the key highlights of Finance Bill 2024, covering tax rate updates, deduction amendments, faceless scheme implementation, and changes in TCS regulations....

Interim Union Budget 2024-25: A Vision for India’s Development

Income Tax - Explore the key highlights of the Interim Union Budget 2024-25, focusing on economic growth, social initiatives, and fiscal policies for a developed India by 2047....

Interim Budget 2024 Summary (Direct Tax And Indirect Tax)

Income Tax - Explore the key highlights of Budget 2024, featuring tax rate continuity, withdrawal of outstanding direct tax demands, significant achievements in direct and indirect tax collections, and a promising economic outlook...

Budget 2024 Speech (Direct Tax And Indirect Tax)

Income Tax - Explore the key highlights of the Finance Minister direct tax proposals, including unchanged tax rates, withdrawal of outstanding demands, and extended benefits for Start-Ups and investments, with insights into the economy's transformation....

Plea in Madras HC on Penalty on CAs for Filing Wrong Information- Section 271J

V. Venkata Siva Kumar Vs The Union of India (Madras High Court) - A petition has been filed in the Madras High Court challenging the section 271J of the Income Tax Act inserted vide Finance Act 2017. Madras High Court has admitted the plea and issued notice to Finance Ministry.Section 271J of Income Tax imposed a penalty of Rs. 10,000 on Chartered Accountants fo...

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

ACIT Vs. M/s Vimlesh Industries Pvt. Ltd. (ITAT Delhi) - 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 the right to ask for the admission of additional evidence. If the CIT (A) exercises his powers u/s 250(4) to call for additional evidence, the AO need not be given an opp...

Finance Act 2024: President Grants Assent

Act No. 8 of 2024 - (15/02/2024) - On February 15, 2024, President Droupadi Murmu granted his assent to the Finance Act 2024 (Budget 2024), officially bringing the government’s budgetary proposals for the financial year 2024-25 into effect. This act, passed by both houses of Parliament, outlines the government’s plans for...

Government announces Remission of Income Tax Demands as per Budget 2024

F. No. 375/02/2023- IT-Budget - (13/02/2024) - Explore the details of F. No. 375/02/2023 - IT-Budget by the Ministry of Finance. Learn about the remission of outstanding tax demands and its implications under the Union Budget 2024-...

Updation of changes vide Budget 2024-25 in System

Public Notice- 07/2024 - (01/02/2024) - Explore the impact of Budget 2024-25 updates by the Office of the Pr. Commissioner of Customs. Learn about changes, timelines, and advice for importers and customs brokers....

Finance Bill, 2024 for Interim Budget 2024-2025

Bill No. 14 of 2024 - (01/02/2024) - The Finance Bill, 2024, also known as Bill No. 14 of 2024, is a legislative proposal introduced in the Lok Sabha, the lower house of the Parliament of India. The bill was introduced on the 1st of February, 2024. The Finance Bill is a crucial part of the Union Budget, as it lays out the government...

Budget 2024-25: Changes in ICES by Directorate General of Systems

Advisory No. 01/2024 - (16/01/2024) - Stay informed about the Union Budget 2024-25 changes in ICES. Learn how the Directorate General of Systems manages updates and their impact on customs procedures....

Recent Posts in "Budget"

Budget: The Beacon of Evolution

Explore the impact of Indias budget evolution in 2024, focusing on economic growth, reducing disparity, and strategic resource allocation. Key highlights revealed!...

Posted Under: Income Tax |

Tax planning strategies: Insights from India’s Finance Act 2023

Unlock the latest Income Tax Act changes for FY 24-25 with our guide on slab rates, business income, trust taxation, TDS/TCS, and international tax strategies....

Posted Under: Income Tax |

Changes in provisions relating to Input Service Distributor (ISD): Finance Act, 2024

Understand the proposed changes in Input Service Distributor (ISD) provisions post-Finance Act, 2024. Dive into altered definitions and new distribution procedures for enhanced compliance....

Posted Under: Income Tax |

Highlights of Finance Act, 2024

Explore key amendments in Finance Act 2024, covering tax rates, deductions, faceless schemes, and TCS. Understand changes for informed financial decisions....

Posted Under: Income Tax |

Finance Act 2024: President Grants Assent

Act No. 8 of 2024 15/02/2024

On February 15, 2024, President Droupadi Murmu granted his assent to the Finance Act 2024 (Budget 2024), officially bringing the government’s budgetary proposals for the financial year 2024-25 into effect. This act, passed by both houses of Parliament, outlines the government’s plans for income tax, indirect taxes, and other f...

Government announces Remission of Income Tax Demands as per Budget 2024

F. No. 375/02/2023- IT-Budget 13/02/2024

Explore the details of F. No. 375/02/2023 - IT-Budget by the Ministry of Finance. Learn about the remission of outstanding tax demands and its implications under the Union Budget 2024-...

ISD vs Cross Charge: The Budget Twist

Understand the changes in ISD and Cross Charge post-Budget 2024. Navigate through the implications, amendments, and compliance considerations for businesses....

Posted Under: Income Tax |

Proposed Penal Provision For Non Registration of Machines In GST

Explore the proposed penalties in Finance Bill 2024 for non-registration of machines under GST. Analysis of Section 122A and the impact on manufacturers....

Posted Under: Income Tax |

Budget 2024: Decoding GST changes – Input Service Distribution ISD

Explore the latest budgetary provisions for Input Service Distribution (ISD) under GST, aimed at ensuring equitable revenue distribution among states. An insightful analysis sheds light on practical implications and action points....

Posted Under: Income Tax |

Parliament’s Interim Budget Session 2024 Concludes Successfully

Interim Budget Session 2024 sees high productivity with 12 Bills passed, Lok Sabha and Rajya Sabha exceeding performance targets....

Posted Under: Income Tax |

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