This FAQ guide provides clarity on key aspects of customs duties and tariff structure updates in Budget 2025-26. Basic Customs Duty (BCD) is levied on imported goods under the Customs Act, 1962, while tariff rates are specified in the Customs Tariff Act, 1975. Effective rates may vary based on notifications. Additional levies like Agriculture Infrastructure […]
Apply for the Indirect Tax Internship Scheme FY 2025-26 at CBIC, available for law students and graduates. Stipends and certificates offered for successful completion.
MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2025 FINANCE BILL, 2025 PROVISIONS RELATING TO DIRECT TAXES Introduction The provisions of Finance Bill, 2025 (hereafter referred to as “the Bill”), relating to direct taxes seek to amend the Income-tax Act, 1961 (hereafter referred to as ‘the Act’), to continue reforms in direct tax system through […]
Summary of SEBI and Customs Notifications for February 2025 including amendments to duties, exemptions, and changes to specific tariff items and rules.
Get the details of the Budget 2025-2026: Speech of Nirmala Sitharaman, Minister of Finance. Discover the government’s efforts to accelerate growth and secure inclusive development.
Union Budget 2025-26 introduces tax relief with no income tax up to Rs. 12 lakh, benefiting middle-class taxpayers and boosting consumption.
Union Budget 2025-26 increases FDI limit in insurance to 100%, plans revamped KYC registry, and simplifies company merger processes.
Union Budget 2025-26 enhances MSME investment and turnover limits, increases credit guarantees, introduces new schemes for women and first-time entrepreneurs.
Budget 2025-26 proposes direct tax reforms focusing on middle-class relief, compliance ease, tax certainty, and support for start-ups and manufacturing.
Union Budget 2025-26 proposes changes in customs duties, including exemptions for life-saving medicines, e-mobility, and support for domestic manufacturing.
