CAclubindia News

Income Tax Department Clarifies Cost of Acquisition for Pre-2001 Properties Under New Capital Gains Tax Regime

26 July 2024 at 11:21

In the realm of property taxation, a crucial issue has surfaced regarding the Cost of Acquisition for assets bought before April 1, 2001.

Posted in Income Tax | 7083 Views

Finance Act 2024: Revised TDS Provisions for Transfer of Immovable Property

26 July 2024 at 09:08

Amendment of provisions of TDS on sale of immovable property

Posted in Union Budget & Policy | 1443 Views

New TCS Rules on Luxury Goods: Section 206C Amendments w.e.f 1st January 2025

26 July 2024 at 09:07

TCS under sub-section (1F) of Section 206C on notified goods

Posted in Union Budget & Policy | 1200 Views

New TDS Rules for Payments to Partners: Section 194T w.e.f 1st April 2025

26 July 2024 at 09:06

TDS on payment of salary, remuneration, interest, bonus or commission by partnership firm to partners

Posted in Union Budget & Policy | 5073 Views

Amendment to Section 47: New Rules for Capital Gains Tax on Gifts w.e.f 1st April 2025

26 July 2024 at 09:04

Section 47 of the Act provides exclusion to certain transactions not regarded as transfer for the purposes of chargeability under 'Capital Gains' under section 45.

Posted in Union Budget & Policy | 4164 Views

Clarification on Reporting Rental Income: New Tax Rules from April 2025

26 July 2024 at 09:03

Reporting of income from letting out of house property under 'Income from House Property'

Posted in Union Budget & Policy | 4059 Views

Finance Act 2024: Key Changes to Securities Transaction Tax Rates

26 July 2024 at 09:03

Revision of rates of securities transaction tax by amendment to the Finance (No.2) Act, 2004

Posted in Union Budget & Policy | 549 Views

New Tax Rules for Buy-Back of Shares by Domestic Companies

26 July 2024 at 09:01

Tax on distributed income of domestic company for buy-back of shares

Posted in Union Budget & Policy | 1068 Views

ICAI Hosts Key Discussion with Experts on Union Budget 2024-2025

26 July 2024 at 09:00

The Direct Tax Committee of the Institute of Chartered Accountants of India (ICAI) organized a special discussion on the Union Budget 2024-2025 at the Siri Fort Auditorium in New Delhi.

Posted in Union Budget & Policy | 489 Views

Budget 2024-25: New Provision to Allow TCS Credit for Minors to be Claimed by Parents

25 July 2024 at 14:26

Proposed to introduce a provision in section 206C of the Act, to allow the Board to notify the rules for cases where credit of tax collected are given to person other than collectee.

Posted in Union Budget & Policy | 705 Views