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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
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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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      Bill

      Income Tax: Section 194F relating to Tax Deducted at Source...

      Mutual funds/UTI unit repurchase TDS of 20% abolished from Oct 1, 2024, simplifying capital gains taxation.

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      BillJuly 30, 2024Notes
      Income Tax: Section 194F relating to Tax Deducted at Source (TDS) on payments made by Mutual Funds or Unit Trust of India (UTI) on repurchase of units, attracting a TDS rate of 20%, is proposed to be omitted. This amendment, aimed at rationalizing and simplifying taxation of capital gains, will take effect from October 1, 2024.
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