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    February 28, 2025   NotesBill
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    July 22, 2025   News Budget
    Income-Tax Bill 2025 Simplifies Rules on Double Taxation, Transfer Pricing, and Anti-Avoidance with Key Drafting Fixes
    July 22, 2025   Notes Bills
    Clause 448 of Income Tax Bill 2025 imposes penalties equal to unpaid TDS, replacing Section 271C provisions
    July 22, 2025   Notes Bills
    Clause 447 imposes Rs. 1 lakh penalty for failing to submit accountant's report under Section 172 of Income Tax Bill 2025
    July 22, 2025   Notes Bills
    Clause 446 of Income Tax Bill 2025 imposes penalties for audit non-compliance, with stricter liability than Section 271B
    July 20, 2025   Notes Bills
    Clause 445 imposes strict penalties on non-profits diverting income to related persons under new Income Tax Bill 2025
    July 20, 2025   Notes Bills
    Clause 444 imposes strict penalties for false accounting entries to prevent tax evasion under Income Tax rules
    July 20, 2025   Notes Bills
    Clause 441 imposes INR 25,000 penalty for failure to maintain tax records under Section 62, with strict liability rules.
    July 20, 2025   Notes Bills
    Clause 443 updates penalty rules for undisclosed income with a 10% tax penalty under Income Tax Bill 2025
    July 20, 2025   Notes Bills
    Clause 442 imposes penalties for inaccurate or missing documentation in international and domestic transactions under Income Tax rules
    July 20, 2025   Notes Bills
    Clause 440 of Income Tax Bill 2025 sets immunity rules for timely tax payment without appeal under updated penalty provisions
    July 20, 2025   Notes Bills
    Clause 439 Income Tax Bill 2025 sets formula-based penalties for under-reporting and misreporting income under Section 270A rules
    July 20, 2025   Notes Bills
    Identical Mineral Lists in Income Tax Act 1961 and 2025 Bill Support Tax Benefits on Mining Expenditures
    July 20, 2025   Notes Bills
    Income Tax Bill 2025's Schedule-XIII updates exclusions on luxury and sin goods from tax incentives under Income-tax Act
    March 25, 2025   News Budget
    Finance Bill 2025 Passes Lok Sabha with 35 Amendments, Abolishes 6% Digital Tax on Online Advertisements
    March 25, 2025   News Budget
    Finance Bill 2025 increases income tax rebate to Rs 12 lakh, offers marginal relief, and streamlines customs tariffs to boost production.
    March 24, 2025   News Budget
    Government Proposes to Abolish 6% Equalisation Levy on Online Ads Through Finance Bill 2025 Amendments
    February 28, 2025   Notes Bill
    Income Tax Bill Expands Salary Definition from 9 to 12 Components Under Clause 16, Replacing Section 17(1)
    February 28, 2025   Notes Bill
    Proposed Income Tax Bill Sets Rs. 7.5 Lakh Cap on Employer Contributions and Revamps Perquisite Tax Rules
    February 28, 2025   Notes Bill
    Income Tax Bill Revamps Profit in Lieu of Salary Rules Under Section 17(3) with New Three-Part Framework
    February 28, 2025   Notes Bill
    New Income Tax Bill Proposes Two-Tier Standard Deduction System and Streamlined Salary Benefits Under Clause 19

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      Home› Highlights › Bill › 2024 › August, 2024 › This
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      Bill

      Section 194H income tax deduction on commission or brokerage...

      Income tax deduction on commission/brokerage slashed from 5% to 2% from Oct 1, 2024. Simplified capital gains taxation.

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      BillAugust 1, 2024Notes
      Section 194H income tax deduction on commission or brokerage payments reduced from 5% to 2%. Amendment effective October 1, 2024. Rationalisation and simplification of capital gains taxation.
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      ActsIncome Tax
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