In the Budget 2024, Finance Minister Nirmala Sitharaman proposed a reduction in customs duty on fish feeds from 10% to 5%. This move aims to support the aquaculture industry by…
23/07/20241 min read
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In the Budget 2024, Finance Minister Nirmala Sitharaman proposed a reduction in customs duty on fish feeds from 10% to 5%. This move aims to support the aquaculture industry by…
In the 2024-25 Union Budget, Finance Minister Nirmala Sitharaman proposed consolidating two existing tax exemption regimes for charities into a single framework. The current…
The Budget 2024-25 introduces a new Direct Tax Vivad Se Vishwas Scheme, aimed at reducing litigation and disputes over direct taxes. This scheme offers taxpayers a chance to…
In the Budget 2024-25, Finance Minister Nirmala Sitharaman proposed reducing the Basic Customs Duty BCD on real down-filling materials derived from duck or goose feathers. This…
Finance Minister Nirmala Sitharaman, in her address for Budget 2024-25, noted that the core inflation rate stands at 3.1%. She emphasized that this figure reflects the underlying…
The article on Budget 2024-25 proposes several amendments to the Goods and Services Tax GST Act. Key changes include simplifying the compliance process for small businesses,…
The Madras High Court quashed a GST Section 73 order issued based on Form GST DRC-01 without an accompanying Show Cause Notice SCN . The court ruled that the issuance of Form GST…
The Kerala Finance Minister, K.N. Balagopal, announced a pre-GST amnesty scheme aimed at providing relief to small-scale traders. This scheme is designed to help small businesses…
The Karnataka High Court recently ruled that the blacklisting of a company without prior notice or a hearing is unconstitutional. This decision quashes an earlier order that had…
In the Union Budget 2024-25, the Indian government has announced an increase in the limits for MUDRA loans available to Micro, Small, and Medium Enterprises MSMEs . The maximum…
In the 2024 Union Budget, Finance Minister Nirmala Sitharaman proposed a hike in stamp duty for property transactions to bolster government revenues. However, to promote female…
In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman proposed the establishment of additional tribunals for the National Company Law Tribunal NCLT to expedite…
In the Budget 2024, the Finance Minister proposed a new mechanism aimed at supporting Micro, Small, and Medium Enterprises MSMEs by ensuring continued bank credit during periods…
In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman introduced a new initiative providing an internship allowance of ₹5,000 per month to interns in government…
In the Union Budget for 2024-25, significant changes to GST and customs duties were announced. Key highlights include a reduction in GST on electric vehicles and parts, aiming to…
In the 2024 Union Budget, Finance Minister Nirmala Sitharaman proposed reducing customs duties on mobile phones and their chargers to 2.5%. This move is aimed at making…
In the Budget 2024, Finance Minister Nirmala Sitharaman proposed increasing the standard deduction for salaried employees under the Income Tax Act from ₹50,000 to ₹1 lakh. This…
In the 2024-25 Union Budget, Finance Minister Nirmala Sitharaman proposed significant changes to the income tax slabs under the new tax regime. Key adjustments include raising the…
In the Budget 2024-25, India's Finance Minister proposed reducing the corporate tax rate for foreign companies from 40% to 35% to attract more foreign capital. This move aims to…
In the 2024 budget, India's Finance Minister proposed the creation of an integrated technology platform for the Insolvency and Bankruptcy Code IBC . This initiative aims to…
In the Budget for 2024-25, Finance Minister Nirmala Sitharaman proposed a reduction in customs duty on gold and silver. The revised duty structure aims to ease the financial…
The Indian Budget 2024 introduces e-vouchers to support up to ₹10 lakh loans for 1 lakh students annually. This initiative aims to improve access to education by providing…
In the Union Budget for 2024-25, Finance Minister Nirmala Sitharaman announced a substantial investment of ₹10 lakh crore to address the housing needs of 1 crore urban poor and…
In the Union Budget 2024-25, significant changes were announced in direct and income tax policies. Key updates include the introduction of a new simplified tax regime with reduced…
In the 2024 Budget, Finance Minister Nirmala Sitharaman proposed the abolition of the angel tax, a move aimed at promoting investment in startups. The angel tax, which has been a…
Finance Minister Nirmala Sitharaman has proposed a reduction in customs duty on medical equipment in India. The goal is to make healthcare more affordable and accessible by…
The article discusses a key update in the Budget 2024-25 regarding the treatment of tax collected at source TCS when calculating tax deducted at source TDS from salary. It states…
In the Budget 2024, Finance Minister Nirmala Sitharaman proposed reducing the Tax Deducted at Source TDS rate for e-commerce operators from 1% to 0.1%. This move aims to ease…
In the 2024 Budget, Finance Minister Nirmala Sitharaman announced a record Rs 11.11 lakh crore allocation for capital expenditure, representing 3.4% of India's GDP. This…
The Union Budget 2024-25 proposes significant increases in short-term and long-term capital gains tax rates. For short-term capital gains, the tax rate will rise from 15% to 20%,…
In the 2024 Budget, the Finance Minister proposed raising customs duties on plastic from 10% to 25%. This move is aimed at reducing plastic imports and encouraging the use of…
In the Budget 2024-25, the Finance Minister proposed several customs duty reforms to enhance domestic manufacturing, boost export competitiveness, and simplify taxation. Key…
In the 2024-25 Union Budget, Finance Minister Nirmala Sitharaman proposed expanding the list of exempted capital goods used in manufacturing solar cells and panels. This move aims…
The GST Network GSTN has introduced Form GST RFD-10A to streamline the process for tax refunds on inward supplies to Canteen Store Departments CSDs . This form aims to simplify…
The CBIC has issued an advisory regarding system updates following the Budget 2024-25 changes. This advisory includes updates on the GST and CBEC-GST-Gateway systems to…
The Finance No. 2 Bill, 2024, introduced as part of the Budget 2024-25, proposes several key changes to Indian taxation and financial laws. It includes amendments to streamline…
The Budget 2024-25 introduces several direct tax reforms aimed at enhancing efficiency and compliance. Key highlights include an increase in the tax rebate limit to Rs 7 lakh…
The Union Budget 2024-25 introduces key indirect tax changes. Customs duty amendments focus on enhancing trade facilitation and boosting domestic manufacturing. The Basic Customs…
The Union Budget 2024-25 proposes significant changes to the taxation of capital gains. Short-term gains on certain financial assets will be taxed at 20%, while long-term gains on…
The Budget 2024 proposes several changes to Tax Deduction at Source TDS rates to simplify compliance. Key reductions include: Section 194D Insurance commission : From 5% to 2%…
The Union Budget 2024-2025, presented by Finance Minister Nirmala Sitharaman, aims to boost economic growth and development. Key highlights include an increased capital…
The Union Budget 2024-2025 highlights several key areas. The government focuses on economic growth with significant allocations for infrastructure, agriculture, and health…
The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, proposes an increase in the standard deduction for salaried employees from ₹50,000 to ₹75,000, and for…
In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman announced the digitalization of all GST, Customs, and Income Tax services within two years to enhance taxpayer…
The Budget 2024-25 introduces a new TDS section 194T, effective from April 1, 2025. This section mandates a 10% TDS on payments exceeding ₹20,000 annually, made by partnership…
The Union Budget 2024-25 announced the abolition of the 'angel tax' for all investor classes to support the Indian start-up ecosystem. Corporate tax rates for foreign companies…
Finance Minister Nirmala Sitharaman announced an allocation of ₹11.11 lakh crore for capital expenditure in the 2024-25 budget, focusing on infrastructure development. This…
Finance Minister Nirmala Sitharaman announced an allocation of ₹11.11 lakh crore for capital expenditure in the 2024-25 budget, focusing on infrastructure development. This…
The Supreme Court of India has ordered the release of a tipper lorry seized in 2021 after it was found to be idle and serving no purpose. The vehicle, which had been held by the…
The Supreme Court has temporarily halted directives issued by various states requiring shop owners and hawkers to display their names during the Kanwar Yatra season. The Court was…
In the Budget 2024, Finance Minister Nirmala Sitharaman proposed a reduction in customs duty on fish feeds from 10% to 5%. This move aims to support the aquaculture industry by…
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