Budget 2025: Block Assessments and Safe Harbour Expansion (Transfer Pricing)
Discover how the 2025 budget reforms simplify transfer pricing with block assessments and expanded Safe Harbour Rules for reduced compliance burdens.
Category: Budget
Key Changes to Goods and Services Tax in Budget 2025
Explore the significant updates to Goods and Services Tax (GST) in the 2025 Union Budget, including amendments to provisions on plant machinery, supply of goods, and appeal processes.
Significant Changes to Personal Taxation in Union Budget 2025
Discover the key updates in personal taxation from the 2025 Union Budget, including new tax slabs, increased TDS thresholds, and changes in tax compliance measures aimed at simplifying taxpayers' …
Summary of Direct and Indirect Tax Proposals: Budget 2024-25
Summary of the direct and indirect tax proposals made in the Budget 2024-25 (Finance Bill 2024) presented by Smt Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs.
ICAI’s Pre Budget Memorandum 2023 on Direct Taxes/ International Taxation
The ICAI has submitted its “Pre-Budget Memorandum 2023 on Direct Taxes (Including International Taxation),” containing 241 suggestions, to the Ministry of Finance, Government of India, for consideration in formulating …
Presumptive Tax Scheme Limits Increased us/ 44AD & 44ADA: Finance Bill 2023
The Finance Bill 2023 proposes raising the presumptive taxation thresholds for micro enterprises (small businesses) and certain professionals to Rs. 3 crore and Rs. 75 lakh, respectively, if their …
Exemption u/s 10(22B) for News Agencies withdrawn: Finance Bill 2023
As part of the move to gradually phase out exemptions and deductions, Clause 5 of the Finance Bill 2023 proposes to withdraw the income tax exemption u/s 10(22B) for …
Board Approval condition removed for Preliminary Expenditure: Finance Bill 2023
Section 35D of the Income Tax Act is proposed to be amended in Clause 12 of the Finance Bill 2023 to remove the requirement for using companies pre-approved by …
Carry forward of loss in strategic disinvestment cases: Finance Bill 2023
Clause 33 and 34 of the Finance Bill 2023 has proposed amendments in Sections 72A and 72AA of the Income Tax Act to facilitate certain strategic disinvestments, by allowing …
Tax Exemption to Development Authorities u/s 10(46A): Finance Bill 2023
Finance Bill 2023 proposes to insert a new Section 10(46A) to exempt the income of a body or development authority, such as a board, trust, or commission (not a …