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New TDS Rules for Floating Rate Savings Bonds w.e.f 1st October 2024

   26 July 2024 at 14:53

Tax Deduction at source on Floating Rate Savings (Taxable) Bonds (FRSB) 2020 

Posted in Union Budget |   261 Views


Amendment to Section 37: Disallowance of Settlement Amounts for Legal Contraventions from April 2025

   26 July 2024 at 14:51

Disallowance of settlement amounts being paid to settle contraventions

Posted in Union Budget |   102 Views


Proposed Amendment to Section 55: Clarification on Cost of Acquisition for Equity Shares in OFS and IPOs

   26 July 2024 at 14:51

Prior to Finance Act, 2018, section 10(38) of the Income Tax Act, 1961 (the Act) provided for exemption in respect of gains arising from the transfer

Posted in Union Budget |   165 Views


Budget 2024: Exclusion of Section 194J Payments from Section 194C w.e.f 1st Oct 2024

   26 July 2024 at 14:49

Excluding sums paid under section 194J from section 194C (Payments to Contractors)

Posted in Union Budget |   459 Views


Amendment to Section 198: Inclusion of Foreign Taxes in Total Income Calculation

   26 July 2024 at 14:48

Inclusion of taxes withheld outside India for purposes of calculating total income

Posted in Union Budget |   129 Views


Budget 2024: Amendment to Curb Misuse of Life Insurance Expense Deductions

   26 July 2024 at 14:48

Preventing misuse of deductions of expenses claimed by life insurance business

Posted in Union Budget |   147 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 |   837 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 |   402 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 |   3531 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 |   2844 Views



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