A focused session breaks down recent Budget amendments affecting NRI taxation. It highlights how changes impact income, investments, and compliance, with practical guidance to avoid costly errors.
SEBI has invited public comments on revising disqualification norms for intermediaries. The proposals aim to reduce harsh consequences from mere pendency of cases while strengthening integrity-based assessment.
A government official was arrested for demanding and accepting ₹1.5 lakh to wipe off outstanding tax liabilities. The key takeaway is strict action against corruption in tax administration.
The new rules enhance duty-free allowances and introduce digital declarations. The overhaul aims to speed up clearance and improve passenger experience.
The government outlined how GST 2.0 lowers tax burdens and simplifies compliance. The key takeaway is higher consumption, formalisation, and GDP growth.
The Government clarified that GST delays attract fees, not penalties. Late fee collections remained under ₹2,000 crore annually in recent years.
The Government said STT rate changes are reviewed annually during the Budget. No decision on increasing STT has been taken yet.
The Government outlined a phased reduction in corporate tax rates with parallel withdrawal of exemptions. The key takeaway is a shift towards lower rates with fewer incentives.
The Government confirmed that no sector-wise assessment of GST rate reductions has been conducted. Expected benefits are inferred from broader economic indicators rather than formal studies.
The Government detailed existing concessional and zero GST rates on assistive aids. Any further relief depends on GST Council approval.
