https://www.taxtmi.com/acts?id=48565 Finance Bill, 2025 proposes broad amendments to the Income tax Act and allied indirect tax statutes: it revises individual tax rates, redefines key terms including capital asset, dividend and virtual digital asset, extends IFSC and insurance related transitional dates, raises and recalibrates multiple TDS and TCS thresholds, expands the updated return regime with higher additional tax for delayed filings, introduces an arm's length option regime under transfer pricing with recomputation mechanics, establishes Interim Boards for settlement cases, and creates a statutory crypto asset transaction reporting obligation for prescribed reporting entities. en-us Sat, 01 Feb 2025 15:44:02 +0530 Tue, 04 Feb 2025 15:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48565 Finance Bill, 2025 proposes broad amendments to the Income tax Act and allied indirect tax statutes: it revises individual tax rates, redefines key terms including capital asset, dividend and virtual digital asset, extends IFSC and insurance related transitional dates, raises and recalibrates multiple TDS and TCS thresholds, expands the updated return regime with higher additional tax for delayed filings, introduces an arm's length option regime under transfer pricing with recomputation mechanics, establishes Interim Boards for settlement cases, and creates a statutory crypto asset transaction reporting obligation for prescribed reporting entities. Act-Rules Bills Sat, 01 Feb 2025 15:44:02 +0530 https://www.taxtmi.com/acts?id=48565