Expenditure Disallowance Rules Simplified: Section 14A Gets Modern Language and Clearer Structure in Tax Bill 2025

Income Tax Bill 2025 Modernizes Salary Taxation Language While Preserving Core Section 15 Treatment and Compliance Framework

Political Parties and Electoral Trusts Get Updated Tax Framework Under Clause 12, Schedule VIII of Income Tax Bill

Capital Asset Transfers During Entity Dissolution Now Taxable at Fair Market Value Under Sec 9B & Cl 8

New Income Tax Bill Expands Source-Based Taxation Rules for Digital Economy Through Significant Economic Presence Framework

Proposed Tax Bill Expands Business Connection Rules and Digital Economy Taxation Under Sections 9 and 9A

New Income Tax Bill Unifies Employee Benefits and Dividend Income Under Restructured Clause 7, Replacing ITA Sections 7-8

New Income Tax Bill Revamps Residency Rules with 182-Day Test and Rs. 15 Lakh Income Threshold

Income Tax Bill 2025 Clarifies Spousal Income Division Rules Under Portuguese Civil Code As Per Clause 10

Income Tax Bill Updates Section 5: Restructures Residency Rules and Foreign Income Treatment While Maintaining Core Framework

Non-Profit Organizations Face New Commercial Activity Rules Under Clause 346 With 20% Revenue Cap and Strict Accounting

Finance Bill 2025 to Amend Tax Laws and Customs Regulations Awaits Parliamentary Introduction and Implementation

Infrastructure Investment Plan Targets $7 Trillion Economy Through Railways, Defense, Power and Smart City Development

Finance Minister's Budget Targets 4.5% Fiscal Deficit with Rs 11.1 Lakh Crore Capital Expenditure and Tax Revenue Goals

Finance Ministry Team Crafts Rs 50 Lakh Crore Budget with Focus on Growth and Fiscal Deficit Reduction Target

Finance (No.2) Bill, 2024 as passed by Lok Sabha as on 7-8-2024

Salary & family pension deductions enhanced for new tax regime. Standard deduction up from Rs. 50K to Rs. 75K. Family pension deduction up to Rs. 25K/...

Employer's pension contribution deductible up to 14% of employee's salary from AY 2025-26. Sec 80CCD amended for higher deduction.

Proposed Amendments Enhance IFSC Operations: Tax Exemptions for Retail Funds, ETFs, Core Settlement Funds, and Finance Companies.

Tax exemption for closely-held cos on share issue premium from FY26. Excess consideration over fair value not taxable as income.