Union Budget Articles


MSME Registration Benefits - Tax and Others

  Affluence Advisory Pvt. Ltd    14 March 2023 at 12:43

The Budget 2023 provides tax benefits and other measures for the Micro, Small and Medium Enterprises (MSMEs) and startups in the country, which helps them grow and boost their businesses

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Posted in Union Budget  1 comments |   4293 Views


Impact of Judicial precedents in Union Budget 2023

  Venkat Raj    23 February 2023 at 09:00

Through this write up changes in domestic taxation will be articulated keeping in mind the Supreme Court judgment's impact in the Income –Tax Act(''ACT") and Income tax Rules(''Rules").

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Posted in Union Budget |   2445 Views


Navigating Budget 2023: Implications For Payroll Processing

  Amit Kumar    14 February 2023 at 16:12

This budget brings in significant changes that affect payroll calculations for most employees. A large portion of the workforce may also shift to the new tax regime. Employees expect a smooth, hassle-free transition with accurate payouts.

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Posted in Union Budget  1 comments |   3117 Views


Old Tax Regime or New Tax Regime - Which one is better?

  CA Umesh Sharma    13 February 2023 at 16:40

Honourable Finance Minister Mrs Nirmala Sitharaman had declared the Finance Budget of 2023-24 on 01st February in the Lok Sabha. Why there is a lot of discussion going around the Old Tax Regime and New Tax Regime of the Income Tax regime?

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Posted in Union Budget  2 comments |   5592 Views


Major Changes under Income Tax in Budget 2023

  kowsalya    11 February 2023 at 13:00

A Resident Individual is entitled to a Rebate of 100% of the amount of tax payable under the provisions of Section 87 A of the Act for the total income up to Rs. 7 Lakhs ( earlier it was Rs. 5L)

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Posted in Union Budget  1 comments |   3744 Views


ITC and CSR Expenses

  CA Roopa Nayak    11 February 2023 at 12:48

In this article, the author has examined the eligibility of ITC on expenses related to CSR, in light of the proposed amendment in Budget 2023.

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Posted in Union Budget |   4512 Views


Twitter Space Discussion on - Impact of Budget 2023 on GST

  CCI Team    10 February 2023 at 10:34

The discussion was hosted by Sri CA Dinesh Wadera and various  esteemed panelists participated in the discussion. Sri CA Abhishek Raja gave a clear insight on amendments of GST Sections announced in the Budget 2023

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Posted in Union Budget |   2835 Views


Taxation of gifts to NRIs and changes in Budget 2023-24

  FCS Deepak Pratap Singh    10 February 2023 at 09:51

The Budget 2023 has also not disturbed taxation regime of NRIs except some provisions have been changed. The Shares generally issued to NRIs are of higher value and issuer's explanation to valuation is not satisfactory and hence the excess value above FMV will be taxable and any property gifted to NORI above Rs. 50000/- is chargeable to tax in India.

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Posted in Union Budget |   27465 Views


Changes in new TDS rates, IT provisions related to online gaming - Budget 2023

  FCS Deepak Pratap Singh    09 February 2023 at 11:24

Considering the large volume of revenue being generated from winnings of online games, the rise in users of such games, variety of playing options and payment options, it was expected that the government may provide clarifications on the applicability of TDS and taxation of winnings from online games

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Posted in Union Budget |   14067 Views


MSME & Key Changes in Budget 2023

  FCS Deepak Pratap Singh    07 February 2023 at 08:56

As you are aware that MSMEs are the backbones of industrial development in any country. These MSMEs are the main source of generation of employment and act as k..

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Posted in Union Budget  1 comments |   41787 Views




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