Budget 2025 proposes amending Section 2(14) to redefine capital assets, classifying securities held by specific funds and non-exempt ULIPs as capital assets.
Section 115UA is amended to include Section 112A for taxation of business trusts, effective from April 1, 2026, for assessment year 2026-27 onward.
Changes to Section 13 revise contribution thresholds and exclude relatives and certain concerns from specified persons, effective April 1, 2025.
Budget 2025 proposes extending trust registration validity from 5 to 10 years for smaller trusts with income below ₹5 crore, reducing compliance burden.
India introduces presumptive taxation for non-residents providing services in electronics manufacturing, reducing tax liability from 2026.
Inland vessels now eligible for tonnage tax benefits from April 2026, encouraging growth in India’s inland water transportation sector.
Budget 2025 extends the investment deadline for Sovereign Wealth Funds and Pension Funds to March 2030, ensuring tax exemptions on long-term capital gains in India.
Learn about the proposed tax changes for ULIPs under Finance Bill 2025, including capital gains taxation, exemption limits, and applicability from April 2026.
Section 9 is amended to exclude export-related transactions from significant economic presence, effective April 1, 2026, for assessment year 2026-27 onward.
Budget 2025 proposes amendments to Section 12AB to exclude incomplete applications from specified violations, offering relief to trusts and institutions.
