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    February 27, 2025   Notes Bill
    Expenditure Disallowance Rules Simplified: Section 14A Gets Modern Language and Clearer Structure in Tax Bill 2025
    February 27, 2025   Notes Bill
    Income Tax Bill 2025 Modernizes Salary Taxation Language While Preserving Core Section 15 Treatment and Compliance Framework
    February 27, 2025   Notes Bill
    Political Parties and Electoral Trusts Get Updated Tax Framework Under Clause 12, Schedule VIII of Income Tax Bill
    February 26, 2025   Notes Bill
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    February 26, 2025   Notes Bill
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    February 25, 2025   Notes Bill
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    February 25, 2025   Notes Bill
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    February 1, 2025   News Budget
    Finance Bill 2025 to Amend Tax Laws and Customs Regulations Awaits Parliamentary Introduction and Implementation
    January 30, 2025   News Budget
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    January 30, 2025   News Budget
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    January 30, 2025   News Budget
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    August 8, 2024   News Budget
    Finance (No.2) Bill, 2024 as passed by Lok Sabha as on 7-8-2024
    August 3, 2024   Notes Bill
    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/33.33%.
    August 3, 2024   Notes Bill
    Employer's pension contribution deductible up to 14% of employee's salary from AY 2025-26. Sec 80CCD amended for higher deduction.
    August 3, 2024   Notes Bill
    Proposed Amendments Enhance IFSC Operations: Tax Exemptions for Retail Funds, ETFs, Core Settlement Funds, and Finance Companies.
    August 2, 2024   Notes Bill
    Tax exemption for closely-held cos on share issue premium from FY26. Excess consideration over fair value not taxable as income.

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      Income Tax: Amendments proposed to sections 245Q and 245R allow...

      Budget: Pending applications before BAR can be withdrawn by Oct 31, 2024, if no order passed. BAR may reject by Dec 31, 2024. Effective Oct 1, 2024.

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      BillJuly 28, 2024Notes
      Income Tax: Amendments proposed to sections 245Q and 245R allow applicants to withdraw pending applications before the Board for Advance Rulings (BAR) transferred from erstwhile Authority for Advance Rulings (AAR) by October 31, 2024, where no order u/s 245R(2) has been passed. BAR may reject such withdrawn applications by December 31, 2024. This addresses concerns of applicants regarding non-binding rulings, substantial time lapse, and commercial reasons for withdrawal. The amendment takes effect from October 1, 2024.
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