Union Budget News


Section 80CCA Amended: Tax Relief on NSS Withdrawals Effective August 29, 2024

Section 80CCA Amended: Tax Relief on NSS Withdrawals Effective August 29, 2024

   03 February 2025 at 06:53

Exemption to withdrawals by Individuals from National Savings Scheme from taxation

Posted in Union Budget |   933 Views

NPS Vatsalya Scheme: New Tax Deductions for Parents Under Section 80CCD

NPS Vatsalya Scheme: New Tax Deductions for Parents Under Section 80CCD

   03 February 2025 at 06:53

Deduction under section 80CCD for contributions made to NPS VatsalyaThe NPS Vatsalya Scheme, officially launched on 18 September 2024, enables parents and guardians to start a National Pension Scheme (NPS) account for their children. This savings-cum

Posted in Union Budget |   876 Views

Section 17 Amendments: Higher Income Limits for Perquisite Exemptions from 2026

Section 17 Amendments: Higher Income Limits for Perquisite Exemptions from 2026

   03 February 2025 at 06:52

Increase in the limits on the income of the employees for the purpose of calculating perquisites

Posted in Union Budget |   1965 Views

Budget 2025-26 Proposes GST Amendments to Boost Trade Facilitation

Budget 2025-26 Proposes GST Amendments to Boost Trade Facilitation

   03 February 2025 at 06:52

The Budget 2025 proposes changes in GST laws for ensuring trade facilitation.

Posted in Union Budget |   372 Views

Proposed Removal of Higher TDS/TCS for Non-Filers of Income Tax Returns

Proposed Removal of Higher TDS/TCS for Non-Filers of Income Tax Returns

   01 February 2025 at 17:04

Removal of higher TDS/TCS for non-filers of return of income 

Posted in Union Budget |   3645 Views

Proposed Amendments to Streamline Transfer Pricing and Multi-Year ALP Determination

Proposed Amendments to Streamline Transfer Pricing and Multi-Year ALP Determination

   01 February 2025 at 17:04

Rationalisation of transfer pricing provisions for carrying out multi-year arm's length price determination

Posted in Union Budget |   384 Views

Budget 2025: Rationalization of Loss Carry Forward Provisions in Amalgamation Cases

Budget 2025: Rationalization of Loss Carry Forward Provisions in Amalgamation Cases

   01 February 2025 at 17:03

Rationalisation of provisions related to carry forward of losses in case of amalgamation

Posted in Union Budget |   465 Views

Clarification on Commencement and End Dates for Stay Period in Tax Proceeding

Clarification on Commencement and End Dates for Stay Period in Tax Proceeding

   01 February 2025 at 17:03

Clarification regarding commencement date and the end date of the period stayed by the Court

Posted in Union Budget |   270 Views

Rationalized Time Limit for Imposing Penalties under Section 275

Rationalized Time Limit for Imposing Penalties under Section 275

   01 February 2025 at 17:02

Time limit to impose penalties rationalisedimposition of penalties in var

Posted in Union Budget |   339 Views

Proposed Amendments in Sections 132 and 132B to Rationalize Search and Seizure Provisions

Proposed Amendments in Sections 132 and 132B to Rationalize Search and Seizure Provisions

   01 February 2025 at 17:00

Amendments proposed in sections 132 and 132B for rationalising provisions

Posted in Union Budget |   213 Views



Popular News




CCI Pro

Trending Online Classes

view all classess

Browse by Category