Union Budget & Policy Articles

Major Changes under Income Tax in Budget 2023

Posted by Kowsalya 11 February 2023 5787 Views

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)

ITC and CSR Expenses

Posted by CA Roopa Nayak 11 February 2023 7593 Views

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.

Twitter Space Discussion on - Impact of Budget 2023 on GST

Posted by CCI Team 10 February 2023 4156 Views

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

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

Posted by FCS Deepak Pratap Singh 10 February 2023 101763 Views

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.

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

Posted by FCS Deepak Pratap Singh 09 February 2023 16652 Views

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

MSME & Key Changes in Budget 2023

Posted by FCS Deepak Pratap Singh 07 February 2023 88061 Views

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...