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Key Highlights of Interim Budget 2024-25: Changes under the Income Tax Law

  Bimal Jain    02 February 2024 at 10:42

Direct TaxInterim Budget for 2024-25 is presented by Hon'ble Finance Minister Smt. Nirmala Sitharaman today i.e. February 01, 2024 and highlighted that the Indi..



Budget 2024: Income Tax Slabs Rates for AY 2025-26 and Other Updates

  sparsh wadhwa    02 February 2024 at 08:58

Finance Minister Nirmala Sitharaman today on February 1 presented the Union Budget 2024 inside the Lok Sabha.  No changes have been introduced in the tax slabs in old and new tax regimes.



Key Highlights of Budget 2024 - Income Tax & GST

  CA.Sangam Aggarwal    02 February 2024 at 08:58

No major changes in Income Tax slab rates, including for companies.



Analysis on New Clause (H) of Section 43B of the Income tax Act, 1961

  CA. Nirmeet Shah    02 February 2024 at 08:58

The Finance Bill 2023 has introduced a significant amendment to the Income Tax Act, 1961, relating to Micro and Small Enterprises (MSMEs) which is applicable from 1st of April, 2023.



Assessment of Non-filers of Return under Section 62 of CGST Act

  Udaya Chandran    02 February 2024 at 08:53

Where a registered person fails to furnish monthly or quarterly returns under Section 39 or the final return under Section 45, a notice in Form GSTR-3A shall be issued by the proper officer requiring him to furnish such returns within 15 days under Section 46.



Key Highlights of Budget FY 2024-25 by FM Nirmala Sitharaman

  CA Aman Rajput    01 February 2024 at 16:01

In a much-anticipated budget presentation, Finance Minister Nirmala Sitharaman outlined the fiscal blueprint for the upcoming financial year 2024-25.



Summary of Interim Union Budget 2024-25

  CA Ruby Bansal    01 February 2024 at 13:19

The Finance and Corporate Affairs Minister Smt Nirmala Sitharaman, while presenting the Interim Union Budget for 2024-2025 in Parliament today announced that the capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be  3.4 per cent of the GDP.



Reverse Charge Mechanism v/s Forward Charge Mechanism

  Ishita Ramani    01 February 2024 at 08:32

Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) are two different methods of levying tax on goods and services. RCM is a system in which the recipient of goods or services is liable to pay tax to the government instead of the supplier.



The Role of Internal Audit in SMEs

  Sundaran.D    01 February 2024 at 08:32

Small and Medium-sized Enterprises (SMEs) play a pivotal role in driving economic development and job creation globally. As these businesses navigate the competitive landscape, ensuring robust internal controls and effective risk management becomes paramount.



Pension Scheme - Future of Retired Employees

  CA Suresh Kumar Agarwal    31 January 2024 at 14:10

Pension Scheme – Future of retired Employees The old pension scheme, introduced in the 1950s, was exclusive for government workers. It guarantees a pens